After I opened my first high-yield savings account, I loved it so much I opened 10 more - Business Insider

that we use for different goals, like taking a trip to Ireland and remodeling our kitchen.

Easy money is the best kind of money. Whether it's a dollar found on the sidewalk or $1,000 won in a raffle, there's no better feeling than collecting cash you didn't have to work for.. I earn interest on the money that's sitting in that account, and it feels like I won a prize every time I check it.What is a high-yield savings account?

The difference is amplified the more money you have in the account. If you have a $10,000 savings account at a typical bank and contribute $100 every month, you'd earn $3.80 in interest annually. If the money was in a high-yield savings account with a 1.7% APY, you'd earn $228.80 in one year. Opening a new bank account and closing out an old account is a hassle — especially because you don't see any immediate rewards — soIt can take several hours to open a new account, transfer your money, and close the old account. You also have to make sure any external transfers are switched to your new account. When you're tired and busy, an extra $17.40 a year may not seem worth the effort.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 things in tech you need to know today - Business InsiderGoogle is now recommending all its EMEA workers work from home.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: UK live updates, 10 deaths and 798 cases reported in Britain - Business InsiderThe UK has confirmed ten coronavirus-related deaths and 798 total cases. Experts say a British epidemic is highly likely. It will increase exponentially. We are cancelling or postponing matches, races and other events, but not schools. Why? They say if we close them, children will stay at home and infect others. Do children sleep in school overnight normally? CLOSE THE SCHOOLS!! RT please Im one of many young city workers, not anxious about the impacts of COVID_19uk on my own health, because I know Im not at high risk, but desperate to help! You have an armyofvolunteers wondering what we can do to help those in need CoronaCare Please tell us what we can do! hblodget
Source: BusinessInsider - 🏆 729. / 51 Read more »