No. Capital One gives 3.4 for everything in a savings account. Others are higher. SPAXX is 4.4.

Not really. Your can get 4% ish in a high yield savings account, money market fund, CD or even T bills.

So I'm not sure if my understanding of how this works is right. Say I put 10$ in an account with a 4% yield does that ill get 40 cent return on that investment?

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Annualized - yes. Which means 40 cents over the course of 1 year, or 3 cents per month. On $10k that would be $33.33 per month. While $10k at 0.90% would be $7.50 per month.

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Most banks and credit unions offer very little return on CDs, money market, savings and checking. If they offer high yield like 3%+, look at the limitations and requirements. Those may be perfectly acceptable to you or not.

It's not a hard and fast rule, but I tend to look at it as banks/credit unions and financial institutions. The financial institution side is were you'll grow your money.

That still seems kinda low to me, no? Is there another type of savings account that could yield more results?

There are some 5% CDs out there. And money market funds are yielding around 4.5%. I'm not sure how much T bills are earning these days, but it's probably right in between. I don't think you can get a better rate on cash right now (in the US).

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That’s the whole “takes money to make money” concept. It’s a snowball where it goes really slow at first, but as you build up more and more the interest/growth really takes off. Generally cash savings/CDs are not going to make you a lot as they are very safe. Stocks can make more, but even then, on average take about 7 years to double your money. So 10k would be $20k if you put in no extra after around 7 years.

What do you think is a reasonable rate of return for a no risk investment?