AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
How to Save Money in a High Yield Savings Account
A high yield savings account allows you to deposit money into this specific bank account. All of the money that's being deposited then earns interest. The companies are doing is they're taking your $20,000. They're giving you a 4.5% yield while they take the money and get a 5% yield themselves.