Interest earnings on a high-yield savings account can still be significant, especially over an extended period. krisanapong detraphiphat/Getty Images

When was the last time you glanced at the interest earnings you've been accumulating with your traditional savings account?

If you've had difficulty locating any interest earned to date, it's understandable why. The average interest rate on a traditional savings account is considerably below 1% right now, according to the FDIC . Put another way, savers are earning just 40 cents for every $100 deposited into one of these account types (with a median rate of 0.40%). Not only does this mean that your money isn't keeping pace with inflation , but you're essentially losing money by not shifting your savings out of one of these accounts a

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