Is Your Money In the Right Place? High Yields Savings Accounts Are The Secret RN | Your Rich BFF

High Yield Savings accounts are the easiest stream of passive income for beginners. In rising inflation rates of October 2022, here is everything that you need to know about the best bank account to make you more money!

#YourRichBFF #money #money #finance #highyield #interestrates

[veradominic]

Investing can be a very impactful way to grow your money, especially when you consider the three main factors that play a role in how much wealth you build: rate of return, how much you invest each month and, of course, time.Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..

[chanellbranch]

Thanks to one of your videos a few months ago, I opened up an account at Marcus by Goldman Sachs. My current interest rate is 3.1%!! They have a referral program which also boosts your rate. You are a rock star! Thanks again for sharing.

[M.a.d.a.m.e]

High yield savings accounts are taxable and need to be reported on taxes. I feel giving sound advice would have been to say if you frequently need to dip into savings it’s probably not a good idea, the fact that some savings have limits and charges for withdrawals. But if you don’t mind and have extra cash that can sit then could be worth it.

[AnnelisR]

LOVE your content Viv, just wanted to say I actually really appreciate that you’re speaking slower in your longer-form videos. It gives me time to process everything you say 🤗

[dicedrice]

"Paralysis by analysis"

😂

You're perfectly described my number one flaw!

[tonyasanders]

CFG Bank has a high yield Money Market account at 4.15% APY and a 4.07% interest rate as of 01.02.22.

[mrsmdub]

I’ve had Dollar Savings Direct for about 6 yrs now and they are currently at 3.11% 🙌🏼🙌🏼

[jennifersmith]

I have had a Bank of America linked checking & savings account at $.06% interest since I was 16 but I just opened a checking and several savings accounts with Capital One at $3+% interest 🎉Thank you for letting me know I’m on the right track.

[celestita]

I just found your channel this past month, and it’s now one of my favorites!! Thank you for your super informative content. Keep up the great work 😊

[Mahlercougar]

Vivian, your channel is so invaluable. I discovered you about 5 months ago and you've given me as so many others so much great financial advice. I had my Citibank acct for like 20 years and last month i opened a BMO-ALTO account and im getting 4.85% apy! I also started a roth ira/personal ira investment brokerage acct! Love you Viv! Wish you were around when i first started investing back in 2006!

[carynbrock]

Yessss I love Ally. Just got an email from them earlier this week that my interest rate is going up to 2.25%. Stoked.

[petraleighton]

I’ve been following you on insta the past few months but only NOW did I find your channel?! Girl, you’ve got a new sub! 😆

[kayleypetryshyn]

Love these videos!! From your tiktok, instagram videos to your enRICHed newsletter to this! You're doing amazing things and I'm learning so much

[rcj]

There's places right now like capital one and fidelity that are paying way more than 2.5% people. Those two I just named are paying 3.5-4.84%.

[simonewright]

I've been wanting this for so long. Thk u👍👍

[dm_generatin]

I just opened one with Amex this week to store my emergency fund!

[lorynsoriano]

Switching to a high yield savings account asap. Thank you rich bff!

[SM-ncpt]

Thanks for the info! I do wish HYSA and taxes were discussed, though. Future video?

[chanreka]

One thing to note if your credit is frozen you will have to thaw to open the account. It is worth it! Good luck

[Will-ollp]

Great time. Keep them coming pls. I like the sound advice. Is there any difference using a high interest savings account? Thank you