This video explains High Yield Savings Accounts for a COMPLETE beginner which includes the BEST High Yield Savings Accounts to start with. After learning everything in this video, you will realize why you need to start placing your savings in a high yield savings account instead of a traditional bank. Signing up and starting today should take less than 5-10 minutes and will help you take another step in the right direction for your financial future. Get what you deserve and not the big banks - Enjoy!
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⏰ Timestamps ⏰
00:00 Intro
01:07 What Is A High Yield Savings Account?
04:31 The Benefits
06:57 Best Accounts
09:38 Things To Be Aware Of
11:28 Sign Up Bonus
Why A High Yield Savings Account?
A High Yield Savings Account is in simple terms a savings account where you can earn higher interest than one with a traditional bank. These accounts shown all come with no monthly fees nor minimum deposit requirement besides one (that is $100), and are all stated to be FDIC insured as of the recording of this video.
What is FDIC insurance?
These high yield savings accounts state they have FDIC insurance which means if the bank were to fail for some reason, the government would protect your savings up to $250,000. By staying under this insured amount, the risk with one of these compared to any other large bank is nearly the same.
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This content is for entertainment only and does not constitute legal, tax, or financial advice. It is for general informational purposes. The presenter is not a licensed professional. Viewers should consult their attorney, accountant, or financial advisor for advice on specific legal, tax, or financial issues.
High Yield Savings Accounts For Beginners | DO THIS NOW
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