Everyday people explain why they love high-yield savings accounts - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Anyone can open a high-yield savings account

To take it a step further, Lockert set up automatic transfers so the accounts fund themselves.she writes

. "I am more clear, focused, confident, and know exactly how each dollar is used. Not only that, but it has given me peace of mind to know that I have money in the bank and that I'm prepared for a variety of situations." Anna Baluch and her husband combined their savings in a high-yield account, potentially earning hundreds of dollars a yearFreelance writer Anna Baluch ditched her bank when she got married and combined her savings with her husband in a high-yield account.

"If we had stayed with either our premarriage savings accounts, $20,000 in savings would have made only $2 to $6 in interest,". "Now we can enjoy an estimated interest earnings of $440 with our Ally Bank online savings account. Just like most people, we work hard for our money, so there's no reason to have it sit in a savings account that essentially does nothing for us."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Me too.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

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

High-yield savings accounts are the first step to start managing money - Business InsiderA high-yield savings account is free and easy to open, earns up to 20 times the interest of a traditional account, and isn't invested, so there's no risk involved
Source: BusinessInsider - 🏆 729. / 51 Read more »

JetBlue founder David Neeleman reveals new airline Breeze details - Business InsiderIn an interview with Business Insider, Neeleman explained how the unorthodox strategy can succeed, despite the costs of running an airline.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Beauty influencer Adelaine Morin: YouTube income explained - Business InsiderBeauty and fashion influencer Adelaine Morin said she has multiple revenue streams, like selling merchandise and promoting brands online. best adelaine Screw an education or a trade! I’m going to be a Youtube Influencer!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here's why the 2020 election-year economy is shaping up perfectly for Trump - Business InsiderThe number of jobs added and unemployment rate looks great on the surface, but it masks deeper problems in the US. Media and WH stop lying Economy. Carter grown by 5% in 1976, and it continued to grow at a similar pace during 1977 and 1978.Trump’s Economic Growth Is Slower Jimmy Carter and Than Obama’s Last 3 Years
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here's why Casper's disappointing IPO could spell disaster for other unicorns - Business InsiderCasper raised less money than it expected and had to accepting a market capitalization less than half its prior valuation of $1.1 billion.
Source: BusinessInsider - 🏆 729. / 51 Read more »