Entity: high-yield savings account
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high-yield savings account

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High-yield savings accounts have variable interest rates that can adjust over time and often decline when the Federal Reserve lowers benchmark interest rates.
high descriptive
Explains the relationship between variable deposit rates and central bank policy.
Splitting funds between fixed-rate instruments such as CDs and variable-rate high-yield savings accounts lets savers obtain a guaranteed baseline return from the CD while retaining liquidity and the ability to make deposits and withdrawals via the savings account.
high descriptive
General savings strategy to balance guaranteed returns and access to funds.