High-Yield Savings Accounts–Pros, Cons, and Tips for Choosing One
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 8 November 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
Laura reviews what you should know about using a high-yield savings account (HYSA), including tips for choosing the best one and how to get the most from an online bank.
Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.
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Transcript
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| 0:00.0 | Hi Laura this is Amy from Alaska and I'm considering exploring an online bank to open a savings account with higher interest rates than I'm currently getting at my local bank. |
| 0:14.9 | Can you provide some pros and cons and any tips on choosing an online base? |
| 0:19.5 | Thanks. |
| 0:21.1 | Thank you so much for your question, Amy. I love that you're thinking about making your money work harder for you. |
| 0:27.0 | In this episode, I'll review what you should know about using a high-yield savings account or H-Y-S-A, including tips for choosing the best one, and how to get |
| 0:36.7 | the most from an online bank. |
| 0:38.7 | Hey friends, welcome back to the Money Girl podcast. |
| 0:41.5 | I'm Laura Adams, an award-winning author, Money Speaker, and the money |
| 0:44.0 | speaker and speaker and financial spokesperson |
| 0:46.0 | who's been bringing you tips and advice |
| 0:48.0 | weekly since 2008 with over 41 million downloads. |
| 0:52.0 | I want to thank a couple of people who reviewed with over 41 million downloads. |
| 0:52.6 | I want to thank a couple of people who reviewed the audio book version of my latest title, |
| 0:58.0 | Money Smart Solopreneur, a personal finance system for freelancers, entrepreneurs, and side hustlers. |
| 1:04.0 | Which is rated 4.5 out of 5 stars overall |
| 1:08.0 | and 4.8 on my narration. |
| 1:11.0 | Amanda M. says, I'm two years into my entrepreneurial journey and Laura was very helpful. |
| 1:17.6 | There's a lot to learn and I'll probably buy the hard copy of her book because I want to be |
| 1:21.6 | able to flip back to the pages I'll need again in the future. |
| 1:26.0 | And T-Mont says, this book had tons of information and great narration. |
| 1:31.0 | I will reference it quite often. |
| 1:33.6 | Wow, Amanda and T Mon, thank you so much. |
... |
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