2023 Top Savings Accounts: High Interest and Great Benefits
The Table with Anthony ONeal
The Neatness Network
4.8 • 2.1K Ratings
🗓️ 15 March 2023
⏱️ 35 minutes
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| 0:00.0 | Clicking collectors now available at Selected London Primark stores for kids, baby and nursery products. |
| 0:07.0 | Shop exclusive ranges online with a quick and easy checkout and store. |
| 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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