Get PAID more for SAVING MONEY by using a high yield savings account in 2023!

If you're not using a high yield savings account in 2023 then you're leaving money on the table! I'm earning $50 per month in interest right now on my balance and rates (APY) keeps going up so take this as an incentive to start saving money! Be sure to watch til the end to check out a few accounts with the best APY.

Sound from Epidemic Sound
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🤗About Me:
Hey I'm Dyana, single mom of 2 and the founder of Money Boss Mama. After becoming debt free, I now share my life on a budget and money tips as I work to create generational wealth!
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Disclaimer: I’m not a financial expert, accountant, or anything related. I am not qualified or certified to give financial advice. This channel’s content is not to be construed as personalized advice. However, I am sharing my personal experience and individual opinions. If you are looking for financial advice, please seek the services of professional advisers.

[educatedwanderer]

I like the idea of having a 3 to 6 months worth of expenses emergency fund, and having a months expenses in your checking account or a second checking for overdrafts. Then after you eliminate all debt start auto-investing 15% or more of your take home pay.

[Purrmotivation]

Thank you so much for breaking this down. And actually showing it on the calculator. You made it so easy to understand

[samanthamachain]

Thank you for sharing the APY savings accounts. 🙌

[cspann]

Thank you! I really like how you presented this information. The examples were great. It provided a useful visual of your explanation.

[googlename]

I started a Capital One bc that was the highest APY i found. I think Ally is close, i have one of those but it’s empty lol.

[stephaniejsmes]

Dyana thank you for explaining the benefits of a high yield savings account.

[katresealexander]

I have Synchrony high yield savings account. I like it because I earn about $120 or more a month in interest. Passive 💸

[equilabrada]

The “Bruh” when you said “It’s a savings account”😂
Thank you so much for all you do and making financial-literacy related things down so relatable.🌹🌹♥️

[AdrienneC]

I LOVE Ally. The buckets option is a game changer!

[DoTheDomThing]

Since we are in a high inflationary environment and I’m in stash cash mode, I’ve been enjoying the higher yields with the high yield savings accounts, cash reserve accounts, and even t bills.

And yes, this is beneficial for the cash you need to be liquid in case you need it and separate from your investment cash.

Even if it’s a penny, I’d rather earn that than a piece of a piece of a piece of a penny with a local institution.

[MM-xtzx]

Appreciate you breaking this down! I needed all these details. I just started opening my high yields this past week.
The compound interest is all HYSA? Does that happen in all high yields?

[yulianacorona]

Hi I’m new here I really love how you explained everything I still do have one question I want to save up to buy a house but I haven’t found information on how will I even be able to pull out all my money when I need it ? Will I be able to pull out the full amount or only a part of it hope you can answer TIA

[nd]

Thank you for these videos. You are providing valuable information.
And where did you get your peace lily plant?!

[rhodalynbansah]

Luv this! Capital One has been paying my electric bill 🎉🎉

[siakelley]

Im invested in 3 etfs my 401k now a high yield savings account a cd is next u will beat the average return

[TheChariot]

Can we cash the monthly intersrest or we only get the interest per year? And is the interest taxed?

[dhend]

Yal keep in mind any interest of over $10 a yr is taxable around 20-25%

[jorgelopez]

I set up a savings account with ally and have a question. Do you earn that 3.75% every month or is it divided over the 12 months and adds to 3.75 over the year?

[googlename]

Can you do a video on spiritual fasting. I peeped on your Debt video that you said you asked God for a miracle right before you went on a 1 week fast. I’m interested in how you go about your fasts and want to hear what you feel comfortable talking about, spiritually, when it comes to those

[tatsuchen]

I appreciate the information it's great to hear all of this information from an intelligent black woman