July 29, 2021

High-Yield Savings Accounts (HYSA) are savings accounts that yield or earn highe…


High-Yield Savings Accounts (HYSA) are savings accounts that yield or earn higher interest typically higher than most traditional banks. You might notice (if you have a savings account with a traditional bank) that you earn about 0.01%, but these HYS Accounts can’t yield up to 2.25% APY. We are comparing cents to hundreds of dollars in difference. ?
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These accounts are great for holding your emergency fund or parking your money until you are ready to invest since you may still not be beating inflation. Your cash is also available to withdraw whenever you need it unlike most CDs. ?

Do you have a HYS Account? Where do you keep your savings? Let me know!

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⚠️ I am not a financial advisor, the information provided is for educational and/or entertainment purposes only and does not constitute financial, accounting, or legal advice. ⚠️

#SpaceCityMoney #personalfinance #finance #savingsaccount #bankaccount #highyield #interestrates #highyieldsavings



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