I'm surprised so few people seem to be using high-yield savings accounts. It's gotten very easy to link them online that you can park most of whatever used to be in a 0.01% interest checking account into a 3%+ interest savings account instead and still be able to access that money within about 48 hrs via fee-free online transfer.
I'm surprised so few people seem to be using high-yield savings accounts. It's gotten very easy to link them online that you can park most of whatever used to be in a 0.01% interest checking account into a 3%+ interest savings account instead and still be able to access that money within about 48 hrs via fee-free online transfer.
I know, that surprises me as well. If you have a large amount of cash, moving to an HYSA is free money without risk!
Money Market Funds are an even better deal right now for those in higher tax brackets and high tax states.
Thanks for the comment!