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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