Where can i put my money to earn the most interest

One of the main benefits of saving money is the ability to earn interest on your savings. However, interest rates can vary significantly from one savings account to another, and traditional savings accounts tend to offer relatively low interest rates.

Luckily, there are several ways to earn interest if you look beyond your bank’s basic savings account. The following six options are some of the best ways to earn interest on your money.

How to earn interest: 7 best ways offered by our experts

1.

Where can i get 10% interest on my money

High-yield savings account (HYSA)

Traditional savings accounts typically have relatively low interest rates, which means your money won’t have a very high rate of return. But, many banks, such as Valley Direct and Western Alliance Bank, offer high-yield savings accounts with a rate of return much higher than a typical savings account.

For example, a traditional savings account might have an annual percentage yield (APY) of 0.19 percent, whereas a high-interest savings account could have an APY of 3.75 percent.

The difference in earnings

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