3 reasons to keep your cash in high-yield savings instead of checking - Business Insider

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If there's always too much money in your checking account, it might be time to find a high-yield savings account to store anything extra you're keeping in checking

That 1% to 2% probably won't make you rich, but that's more than 15 times as much growth as you'd earn in checking, with almost no more effort.With a high-yield savings account, you can keep money out of sight and out of mind. If you want, you can even open your savings account at a separate bank from your checking, to add another step to access it.

In checking accounts, there's no good way to organize money. A high-yield savings account can help keep your money organized and separated, and eliminate the confusion when it comes time to spend.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Not a problem I’ve ever had.

Yup, because that’s what everyday Americans are worried about; “what should I do with all the extra cash I got?” 😒

Good timing, with millions Neely unemployed

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