What is a High Yield Savings Account? A Comprehensive Guide
A high yield savings account forex is a type of forex account that offers depositors a higher rate of return on their investments than a traditional savings account. These accounts are typically operated by brokers and allow traders to gain access to the foreign exchange market without actually trading in it. High yield savings account forex typically have higher interest rates, require higher minimum deposit amounts and have higher risk than a traditional savings account. As such, they are ideal for investors looking to maximize their returns in the foreign exchange market without taking on larger amounts of risk.