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

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Content provided by Maggie Tucker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Maggie Tucker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

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/

  continue reading

82 episoade

Artwork
iconDistribuie
 
Manage episode 436187013 series 3473627
Content provided by Maggie Tucker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Maggie Tucker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

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/

  continue reading

82 episoade

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