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The Table with Anthony ONeal

2023 Top Savings Accounts: High Interest and Great Benefits

The Table with Anthony ONeal

The Neatness Network

Christianity, Entrepreneurship, Religion & Spirituality, Business, Self-improvement, Education

4.82.1K Ratings

🗓️ 15 March 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

In this episode of The Table, Anthony provides the facts about high-yield savings accounts and how they can help you achieve your financial goals. He also shares the ins and outs of high-yield savings accounts, including the benefits of earning a higher interest rate on your savings, the importance of FDIC insurance, and the convenience and flexibility of online banking. Whether you're just starting out on your financial journey or looking to take your savings to the next level, AO’s insights and expertise will help you make the most of your money and build a solid financial foundation for the future. You don't want to miss this valuable information that could make a real difference in your financial future! Mentioned On Today's Show: 🤝 Ethos Life Insurance: https://anthonyoneal.com/ethos Checkout My Network Partners: 🤝 Chime: https://www.anthonyoneal.com/chime 🤝Bethel Tech: https://anthonyoneal.com/bethel 🤝 Better Help: https://anthonyoneal.com/betterhelp FREE Workshop: Build Your Personal Brand 💻 The Personal Brand Masterclass: https://anthonyoneal.com/masterclass GET IN TOUCH 🌍 My website - https://www.AnthonyONeal.com 🌍 Advertise With Me - partnerships@anthonyoneal.com Connect with Me! Instagram: @anthonyoneal Facebook: @anthonyoneal Who I AM: Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same. Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0

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0:07.0

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0:11.5

So, what are you waiting for? Go to Primark.com and shop Primark Clicking Collect today.

0:17.0

Little prices, big smiles.

0:20.0

Okay, so by now we all know we should have a save as a cow.

0:23.0

But how are you maximising that cow?

0:25.0

The problem is, are we willing to look into the mirror and say, hey, we need to do this and get rid of that for a season.

0:33.0

This person who is financially well-off was willing to sacrifice things for 12 months to change the next 12 years of their life.

0:40.0

Today we're going to be talking about a few of the best high yield savings accounts on the market.

0:44.0

Now, before we hop into today's show, be sure to like, comment and subscribe. Now let's jump into the video.

0:49.0

So, right now everyone is, you know, kind of like concerned about the high inflation and then everyone's talking about the most recent bank that just absolutely just unfortunately had an epic fall, right?

1:05.0

And I've beginning a lot of questions, a lot of DMs, text messages saying, hey, yo, should I move my money? Where should I park my money?

1:13.0

And here I want to start this off by saying this man, listen, you should always park your money, whether that's your checking account, your, it was account into an account that has FDIC insured and what is that amount?

1:24.0

And so the average amount that is covered by the FDIC is $250,000.

1:29.0

And so what I really want to say is like, hey, if you have $500,000 in an account that's only insured of $250,000, you are making a bad decision.

1:38.0

You should have multiple bank accounts and make sure all of your money is insured, right?

1:43.0

But for the average person watching this video, you don't have $300,000 sitting in the savings account.

1:48.0

You may have $300,000 invested, but some of you all have been asking me, hey, Anthony, where should I park my savings account right now?

1:56.0

And that's a good question. I want to start off by saying this, the average savings account in the US has an interest rate of 0.35 APY.

2:07.0

APY simply means your annual percentage per year, right?

2:11.0

But this type of savings account has a big impact on interest rates.

2:14.0

So right now, we're seeing that the average bank account, the average savings account in America is 0.35.

...

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