Brought to you by the Every Dollar app. Start budgeting for free today. So let's do some Finance 101.

All right. A couple of things. The first thing they teach you in finance class, one of the first things they teach you is what's called risk return ratio.

The more risk you take, the higher return you should get. So when you

put your money in an FDIC insured bank, no risk virtually, but they pay you almost nothing.

Fair enough. Right?

If you move it around a little bit, mess with a little bit,

you can put it in a good high-yield savings account,

which will sidebar on that for a second.

We were talking about this off air a little bit.

We'll come back into my risk return ratio in a minute,

but we'll just turn left for a second and park there.

A high-yield savings account is exactly what it says it is.

It is a savings account at a bank that pays a better rate.

Ding, ding, that's it.

Okay.

A CD, a certificate of deposit, is a savings account at a bank. And they give you a certificate.

Yes. And you have to. Like perfect attendance. You remember that one? Yeah. But you can't touch that one.

Yeah, but you can touch it, but you won't get all of the high yield.

Okay, the high yield savings accounts, fully liquid, pays more than CDWs do right now.

CDs have just about been run out of the out of town by the sheriff, okay?

Ten years ago, we didn't call them high yield savings accounts at the bank.

We had a savings account at the bank that the bank labeled wrong,

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