• 072. The best financial advice no one wants to take: Move your money to a high-yield savings account already!

  • Aug 26 2024
  • Length: 47 mins
  • Podcast

072. The best financial advice no one wants to take: Move your money to a high-yield savings account already!

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  • Summary

  • 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/
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Economics Personal Finance
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