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.

Still doesn’t keep up with the inflation rate! High yield.. 😆 Do yourself a favor and just buy and hold bitcoin

South Africa South Africa Latest News, South Africa South Africa Headlines

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

These were the 10 most popular stocks on Robinhood in the month of April - Business InsiderRobintrack is a platform that uses data from Robinhood's API to track how many of the trading app's users own a particular stock over time. Let’s get this bread!📈💰
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bill Gates thinks there are 8 to 10 promising coronavirus vaccine candidates - Business InsiderGates touted the possibility of new RNA and DNA vaccines which could 'turn your body into its own vaccine manufacturing unit.' 'as little as 9 months' if you have multi-million mansions and yachts. BillGates and I’m not taking any of them Q
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 tips for learning new skills successfully during lockdown - Business InsiderDespite the horrible reality, the new circumstances mean there is added incentive — and perhaps more time — to learn new skills. 1. Stock trading
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things in tech you need to know today - Business InsiderApple's revenue growth ground to a halt in the first three months of the year, as the coronavirus pandemic shuttered retail stores.
Source: BusinessInsider - 🏆 729. / 51 Read more »