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/
