When choosing between a no penalty CD (certificate of deposit) and high-yield savings account you should be mindful of the different requirements, its accessibility, and most importantly your savings goals. To help explain what a CD and HYSA are, Banking Nerd Chanelle Bessette shares insight on each banking option so that you maximize your savings.
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Chapters:
0:00 - Intro
0:33 - High Yield Savings Account Overview
0:58 - Certificate of Deposit (CD) Overview
1:30 - Share Certificate Explained
1:45 - Difference Between No Penalty CD and Regular CD
2:13 - Pros and Cons of a HYSA and a CD
4:44 - How To Open Either Account
5:08 - Conclusion
#NerdWallet #CertificateOfDeposit #SavingsAccount
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No Penalty CD vs High-Yield Savings Account: The BEST Return On Your Cash | NerdWallet
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