High Yield Savings Accounts: How Do They Work?

4 min read

A High Yield Savings account is an investment vehicle that offers higher yields than a traditional savings account. It functions similarly to a regular savings account in that a savings account holder deposits money into the account with the intention of earning interest on the deposit. The difference between a high yield savings account and a regular savings account is that high yield accounts typically offer higher rates of return than traditional bank savings accounts. These higher rates of return can be determined by a range of factors including the amount deposited, the institution offering the account and the length of deposit. Additionally, many of these high yield accounts may also offer additional features such as unlimited transfers, online banking or regular interest transactions. They may also require a certain amount of money to be kept in the account in order to receive the higher rates of return. A High Yield Savings account can be used to save money for short or long-term financial goals, and is a great way to earn more interest on your money.


Money Market Fund vs Fixed Income: Exploring the Differences

4 min read

Money Market funds and Fixed Income Forex are both popular investment opportunities that have great potential to generate returns. Money Market funds are usually composed of short-term debt securities, such as Treasury bills and certificates of deposits, and the interest rate paid on the principal invested is typically higher than one would see in a savings account. Fixed Income Forex involves trading different currencies to gain an edge against market volatility and the rate of return is determined by the exchange rate between two currencies. Both of these investment strategies offer the opportunity to make a positive return, but the type of return is significantly different. Money Market funds provide stability and low risk with the potential for a moderate return, while Fixed Income Forex is more complex and offers much higher potential returns, although they are accompanied by a greater risk. Depending on an individual’s personal investment goals, one or the other of these popular investment vehicles may be the best choice.