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High yield savings accounts: What they are, why they matter, and where you can find one to put your money in.
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Most of us have a savings account, but is it actually doing anything for you? High-yield savings accounts are a step up, offering much better returns—sometimes 10x more than traditional accounts. Sounds good, right? But how do they work, and why do online banks usually offer the best deals?
On this episode of The Finance Couch, Ross Mac tackles these questions on a college campus, and explain why parking your money in a low-interest account might be costing you more than you think. If inflation is eating away at your savings, it’s time to make a change.
Sponsored by Experian #FinanceCouchExperian


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