Everyone should keep their savings, emergency funds, and extra cash in a high-yield savings account 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
Show References:
- Liz’s Wealthfront referral link
- Maggie’s Wealthfront referral link (actually it’s Greg’s referral link and people usually like Greg better than Maggie anyways)
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