BankRate writes "​9 low-​risk ways to earn higher interest". They tell us, "​Park your savings into the average account, and you’​ll miss out on money. The national average savings account pays a paltry 0.​1 percent annual percent yield, according to Bankrate data. If you put $​10,​000 into savings, you would earn $​10 in year one. Luckily, you have plenty of other options that pay 20 times that rate, if not more." The piece explains, "​Here are nine ways to earn higher interest without taking on risk: 1. Get over your fear of online banks. 2.​Consider a rewards checking account. 3. Take advantage of bank bonuses. 4. Check out high-​interest, low-​penalty CDs. 5. Switch to a high-​interest online savings account. 6. Create a CD ladder. 7. Consider a credit union. 8. Try a fintech app. 9. Don'​t accept a low rate." BankRate writes, "If you prefer to have your cash more liquid than parking it in a CD, consider switching to a high-​yield savings account. While the average savings account APY is low, there are ever-​more options that pay 2 percent APY or higher. You won’​t get rich, but you will earn more money than if you keep it at an average savings account. For example, Marcus by Goldman Sachs pays 2.​25 percent APY on its online savings account, and there is no minimum deposit. It'​s also getting easier to open bank accounts. At some banks and fintech companies, you can open new accounts within minutes."

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