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What is a High Yield Bank Account?
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28th Feb 2011 by admint
High yield bank account is a type of deposit account in which the Annual Percentage Yield or APY is higher than what a customer would get with a more traditional type of deposit account. In other words, if a person were to deposit funds in a high yield bank account, the amount of money earned would be more than funds deposited in a standard account over the same timeframe.
High yield bank account is a type of deposit account in which the Annual Percentage Yield or APY is higher than what a customer would get with a more traditional type of deposit account. In other words, if a person were to deposit funds in a high yield bank account, the amount of money earned would be more than funds deposited in a standard account over the same timeframe.
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24th Apr 2010 In Banking
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