Best High Yield Savings Accounts Today | Rates Up To …
Imagine that you have a starting balance of $1,000 and you deposit $100 into your 2.00% APY high-yield savings account on a monthly basis for one year. If the account compounds daily, the balance at the end of year one will be $2,233.34. If the account compounds monthly, the balance at the end of year one will be $2,233.26.
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