Still keeping your money in a traditional savings account? If so, it's likely costing you hundreds of dollars a year in interest. Move it to a high-yield savings account that earns 4.00% APY, though, and you'd earn about $320 annually -- almost $300 more, and enough to buy a new pair of AirPods. Not bad. Right now, the average savings account APY is just 0.38%, according to the Federal Reserve. But some of the best high-yield savings accounts (HYSAs) are paying 4.00% APY or more -- over 10 times the average ...

Remember when you could find high-yield savings accounts (HYSAs) that earned upwards of 5% APY? It seems those days are behind us, at least for now. Every time the Federal Reserve makes a rate cut — which it is likely to do at least once more before the end of the year — rates drop on HYSAs and other deposit accounts, making them less attractive tools for saving. With that said, you can still earn 4% or more on a few HYSAs, which is far more than you'll earn on a regular savings or checking account. And ...