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Do you pay taxes on a high-yield savings account?

Por: CBS News Business March 29, 2023

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The interest you earn on a high-yield savings account doesn't come free of charge.  Getty Images/iStockphoto A is a great way to put money aside for an  or short-term savings goal, like a wedding or a new car. It's low-risk, your funds are easy to access and your money grows thanks to interest payments. And , this interest is sizable. The average interest rate for a regular savings account is currently around 0.37%, while the average... + full article



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