When the interest rate on a high-yield savings account hovers around 1%-2%, is it really high-yield? These days, my answer is “yes.” The rate may not seem exceptional, but to be called a high-yield account, it just has to earn a bunch more than the average savings account. Currently, that’s a weak 0.13% APY, according…

Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette.

The article Ask a Nerd: Is a High-Yield Savings Account Really High-Yield? originally appeared on NerdWallet.

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