The Advantages and Accessibility of High-Yield Savings Accounts

Everyone should keep their savings, emergency funds, and extra cash in a high-yield savings account (HYSA) to optimize their money. High-yield savings accounts are paying as high as 5.5% interest and have been for over a year. Make sure you’re taking advantage of this and maximizing your growth potential!

Liz joins this week’s podcast as we talk about:

- What is a high-yield savings account and why you should have one

- Why high-yield savings accounts are a safe place to keep your money

- FDIC Insurance 

- How banks make money

- Why online or digital banks can afford to pay higher interest rates

- Our favorite high-yield savings accounts

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/072-the-best-financial-advice-no-one-wants-to-take-move-your-money-to-a-high-yield-savings-account-already/