How much interest can a $150,000 high-yield savings account earn over the next year?

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August 28, 2026 / 2:25 PM EDT / CBS News

Transferring a large, six-figure amount of money into a high-yield savings account is often considered to be an unconventional approach. But the economic climate millions of Americans find themselves in heading into September 2026 is far from conventional, either. With the chances of a Federal Reserve rate hike strong, inflation still elevated and sticky and credit card debt increasing yet again in the most recent quarter, savers understandably find themselves looking for the best ways to secure and grow their existing funds right now. And a high-yield savings account in this climate is increasingly becoming more attractive.

With an interest rate in the low 4% range, a variable rate well positioned to increase in the months ahead if the central bank does proceed with a rate hike and none of the accessibility restrictions alternative account types mandate, a high-yield savings account merits serious consideration right now. That's true, too, for savers looking to safeguard and grow smaller amounts and larger amounts such as $150,000, which they may have otherwise invested…

Original source: https://www.cbsnews.com/moneywatch/