🏦 Are you keeping all your cash in checking?
Summary
The video explains the difference between checking, savings, and high-yield savings accounts (HYSA). It highlights that checking accounts are for daily expenses with low interest, traditional savings accounts offer a minimal interest rate (around 0.5%), while high-yield savings accounts provide significantly higher APY (4%+) with the same level of safety, making them a better option for maximizing savings.
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Curated by Learn STR by GoStudioM