On today’s episode, I’m sharing everything you need to know about high-yield savings accounts: the good, the bad, and why you NEED to have one. High-yield savings accounts typically pay a higher interest rate than traditional savings accounts and almost ALWAYS offer better returns than checking accounts… but that doesn’t mean that they don’t have some drawbacks!

 

Also, I wanted to send a big thank you to everyone who has been listening to I Don’t Do Budgets so far! We hit a big milestone that I discuss in today’s episode. Be sure to review the show on iTunes and tag me on Instagram if you enjoyed it!

 

Accounts Mentioned:

• Marcus by Goldman Sachs (2.25%)
• Ally Bank (2.20%)
• Simple Bank (2.02%)
• Synchrony Bank (2.25%)
• American Express (2.10%)
• Discover (2.0%)

 

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