How Much Money Are You Missing Out On?

The average savings account is paying less than half a percent with a number of high yield accounts out there are paying greater than 5% There's a huge spread there that you could be missing out on see look back when Any type of money market or online savings account was paying you less than 1%. If you have an emergency fund of $30,000, which I think doesn't seem crazy right $30,00 in an emergency fund sitting there if you're earning 0.36% interest that's $108 a year That'll maybe take you out for a nice dinner Contrast that to a high-yield savings account that's yielding 4.75% Now you're talking about over $14