Keeping $10K in a regular savings account for 6 years cost me more than I expected—see how much I lost and what I should’ve done instead.

Start earning more interest on your money with a high-yield savings account now. $50,000 high-yield savings account at 4.35% after nine months: $1,622.54 Difference between accounts: The money market account makes $12.24 more.

The Federal Reserve held interest rates steady again at its July meeting, resisting pressure to cut rates despite growing signs of an economic slowdown. The federal funds rate still remains at a high level when looking over the past decade—between 4.