A HIGH-YIELD SAVINGS ACCOUNT OR CD CAN EARN UP TO 200 TIMES MORE ON YOUR MONEY — BUT DON'T FORGET THOSE EARNINGS ARE TAXED

Cavan Images/Getty High-yield savings accounts and CDs are great tools for growing your savings while keeping the money safe from market risk. A CD or high-yield savings account with an annual percentage rate (APY) of 2% would net about $200 in interest on a $10,000 balance over a 12-month period. If you earned more than $10 from an interest-bearing account throughout the year, you'll get Form 1099-INT from your bank to include wit...

BusinessInsider (Date:12/05/2019 21:33) Read full article >>

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