If I answer it in one word, The answer is “NO”.
Your money never decreases in a high-yield savings account, but you get interest of up to 4% every year.
If you deposit $5000 in your high-yield savings account.
So after one year, you will get $200 in interest at 4%.
But is there a good return or is there a good way to grow your money then the answer is NO.
If you invest in a share market, bond, exchange-traded fund, or mutual fund where you can get 12 to 20% interest every year.
But for this you should have very good knowledge of investment.
Disclaimer- Never invest without knowledge of the stock market, it can cause you a lot of loss.
That’s why a high-yield savings account is good for those who do not know about investment and want to grow their money.