| A message from The Ascent, a Motley Fool Service Traditional savings accounts have a pretty abysmal interest rate. In fact, the current national average APY (annual percentage yield) for a traditional savings account is right around 0.06%. That means that if you have $10,000 in savings, you’ll earn just $6 in interest in that year. ...that’s barely enough to buy a latte these days! On the other hand, the typical online high-yield savings account has an APY that beats the national average by at least 8x, and oftentimes more than that. So if you’re ready to give your savings a boost, check out this expert pick high-yield savings account. With this account, you’ll have access to some of the best perks we’ve seen, including: - 0.70% APY -- that’s over 11x the national average rate!
- No minimum balance to earn the APY
- No maintenance fees
Plus, it’s FDIC insured (up to $250,000 per account type) just like the traditional brick-and-mortar banks, so you know your money is protected. Read our full expert review for all of the details on this top-notch savings account. | 
