Ask Terry Questions High yield savings accounts

High yield savings accounts

By Terry Savage on July 14, 2026 | Chicken Money

What are your thoughts on high yield savings accounts? Any recommendations?

Terry Says

As long as it is an FDIC insured account, there is no problem. But outrageously high rates imply some kind of additional risk. To find out what FDIC-insured deposits can earn, go to Bankrate.com.

By way of comparison, 6-month Treasury bills, the safest short-term investment, are currently yielding about 3.9%.

money

ASK TERRY

a personal
finance question