| A message from The Ascent, a Motley Fool Service If you have your savings at a traditional brick-and-mortar bank, you're likely earning almost no interest on your money. The average savings account currently earns barely over $1 per year on every $1,000! You can do better than that. Take this top-rated high yield savings account for example. It currently offers an incredible APY of 2.10% -- which is easily one of the highest rates we see right now -- over 16x higher than the national average! While that APY may not sound like a lot, it could easily add up to thousands of additional dollars over a lifetime vs. a traditional bank savings rate. 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. And remember: if interest rates continue to rise as expected, then the interest rate on your money in this savings account should continue to increase too. These are all reasons why I moved my savings to a high-yield account years ago and haven't looked back – I think it's a no-brainer. And it only takes a few minutes to open an account. | 
