Is A PayPal High-Yield Savings Account Worth It? - Everything You Need To Know

Learn everything you need to know about a PayPal High-Yield Savings account in this video. Discover how to open an account, earn high interest on your savings, and access your funds easily with PayPal's convenient online platform. We cover all the features and benefits of a PayPal savings account, including FDIC insurance, no monthly fees, and 24/7 account access. Don't miss out on the opportunity to earn more on your savings - especially if you’re an eBay seller or someone who collects a lot of payments on PayPal!

LINKS MENTIONED IN THIS VIDEO

0:00 Intro
0:51 How can PayPal offer a high-yield savings account?
1:28 Who is a PayPal savings account for?
2:24 How to open an account
2:53 Transferring money
3:41 How much money can you actually make?
4:51 Are there any fees?

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DISCLAIMER: I am NOT a fiduciary or financial adviser in any way. These videos are for educational purposes ONLY.
Investing of any kind involves risk. While it is possible to minimize risk, your investments are
solely your responsibility. You must conduct your own research. I am merely
sharing my opinion with no guarantee of gains or losses on investments. Please do your own homework before investing any money anywhere!

[KevinSkye]

As of right now the APY is 4%, I joined when I think it was 3.5%. Kinda wild.

Great video btw. Got yourself a new subscriber.

[TheGQBrotha]

I opened up a savings account with them, since I already have the PayPal Debit Card and PayPal Credit Card accounts, since I use PayPal often. Plus at the current rate of a 4.15 APY, it was a pretty good option. Hope the APY stays high. :)

[Brantastic]

I have the PayPal Cash Back mastercard & I just transfer my cash back rewards to the PayPal Savings account so I can earn interest of my cash back rewards. Kind of a good idea

[theslenderdevil]

amazing video checked all box's for all questions i had for paypal savings thank you! i been using paypal for 10 years now or so and i had no idea this was a feature till i got a e-mail one day about it never really thought twice about it till today

[otakumultifandom]

Yea I'm thinking about doing this. Lol thanks for explaining this in a simple way.

[EErelevent]

i don't use PayPal, but I was interested in getting the debt card. I feel like having a savings account would be easier if you get the debt card with it too.

[xlordslayer]

I still don’t understand how they benefit from this if there is no fees? What’s the catch?

[gqbertce]

So no limits on how much you make interest on?

[PJJ]

mine straight up wont let me start one, it says I'm not eligible and boots me back to the home page.

[Mokimrozaradi]

Well. How much did you put in the savings ?

[celestialmoonlight]

Can you transfer from PayPal balance to PayPal savings, meaning it takes from the balance not your bank ?

[ambienceentertainmentprodu]

I just open my PayPal account web page on my PC, and there's no Finances tab as you're showing, do they canceled this option?

[AngeloVilar]

Doesn't seem to allow you to start one if you have PayPal business accounts?

[jody]

Of course gotta ask??? Your able to withdrawal that saving money and deposit into your primary bank account, correct??

[adityamulik]

Does the interest come with a tax cut? If not, we would need to declare it right? Any idea how much would the tax cut be?

[sinatra]

I get so nervous one day my savings is just gonna dissappear lol

[DrunknOdin]

Is thos account FDIC insured? Considering banks are closing there doors from customers withdrawing their money i need to be sure before i put it in account that is insured!

[savollo]

I could make about $47 a year on every $1000 I deposit ? About $3 a month ?

[beefsoda]

Don't open a savings account with PayPal because they don't let you withdraw your money

[lalithalaasya]

Can I open savings account if I am an Indian?