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High-yield savings accounts surge amid shaky stock market, experts say

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Rate hikes have brought consumers to the old-fashioned accounts, experts say.

transform the old-fashioned savings account into a newly attractive financial option, personal finance experts told ABC News.

Here's what to know about the rise of high-yield savings accounts, and how to decide whether to open one:What is a high yield savings account? While no specific threshold earns an account the moniker of "high-yield," the enhanced savings from such accounts can prove substantial, experts said.

 

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