Oct 24 • 💎Whitney Gems
Let’s Talk: High-Yield Savings Accounts (aka how to make your money work too) 💰
If your money’s just sitting in a regular savings account, it’s basically on vacation, and not the kind that pays you back
A High-Yield Savings Account (HYSA) does the same thing as a regular savings account, but with way better interest rates.
Regular bank: around 0.01% interest (that’s pennies).
High-yield account: around 4–5%+ interest (that’s hundreds).
So if you had $10,000 saved, that’s the difference between earning $1 and $500 a year, just by changing where it sits.
Most of us keep extra cash on hand for taxes, emergencies, or slow months.
Putting that money in a HYSA means:
✅ You still have access when needed
✅ It’s FDIC-insured (up to $250K)
✅ It earns money while you’re running your business
Check out Ally, Capital One 360, SoFi, or Discover, all online banks with great rates and no crazy fees.
Do you already have a high-yield account, or is this your sign to finally open one? Comment your questions below.
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Let’s Talk: High-Yield Savings Accounts (aka how to make your money work too) 💰
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