Can a high-yield savings account replace your 401(k)​?

Questioning where to keep your retirement savings? With a volatile stock market, you may be wary of putting your hard-earned money into investments that can lose value. Meanwhile, a high-yield savings account (HYSA) can offer a safe, reliable return. Today, the best HYSAs pay around 4% APY. However, you could lose out in a big way if you go with a bank account over an employer-sponsored retirement account. Why? Even if you contribute to an HYSA with a competitive interest rate, your earnings won't match ...