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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. One of the principles that we really push people towards is savings.

So whether you're saving for an emergency fund, saving it for a down payment on a home, for purchase buying a car vacation so people always

ask George you know on social media where should I save this money should I save it

you know in a just a savings account do a savings account, do I...

Invest it?

There's high-yield savings accounts, there's money market accounts,

like there's all these places,

yeah, do I invest it into the market?

What do I do?

And one of the places we always talk about investing is a

high-yield savings account that's right George I'm just so excited it's one of the

things I love the most couldn't wait to talk about an old high-yield savings

account but now we's a great spot.

We call them H-Y-S-A's or Hysas for short.

No, no one calls them that.

It's fine.

God bless. So this is just literally a high interest savings account.

They're generally online banks because the brick and mortar banks can't afford to dole out as high as a rate because they've got a lot of overhead to pay for.

That's right.

So traditional savings accounts

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