No Penalty CD vs High-Yield Savings Account: The BEST Return On Your Cash | NerdWallet

When choosing between a no penalty CD (certificate of deposit) and high-yield savings account you should be mindful of the different requirements, its accessibility, and most importantly your savings goals. To help explain what a CD and HYSA are, Banking Nerd Chanelle Bessette shares insight on each banking option so that you maximize your savings.

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Chapters:
0:00 - Intro
0:33 - High Yield Savings Account Overview
0:58 - Certificate of Deposit (CD) Overview
1:30 - Share Certificate Explained
1:45 - Difference Between No Penalty CD and Regular CD
2:13 - Pros and Cons of a HYSA and a CD
4:44 - How To Open Either Account
5:08 - Conclusion

#NerdWallet #CertificateOfDeposit #SavingsAccount

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No Penalty CD vs High-Yield Savings Account: The BEST Return On Your Cash | NerdWallet

[seyryborjas]

Can I keep depositing money at a high yield account or is it only a one deposit until that term is over?

[EOimages]

Can you keep depositing on a non penalty cd?

[pdcdesign]

Is this lady a robot? She sure sounds like one.

[webber]

i have 200, 000 live in nevada where do i keep it

[neqhbsi]

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.

[DeepIntoSky]

Very helpful and informative video. However, I would gently suggest that you slow down your speaking rate so that people that are not as familiar with all this terminology can absorb it more easily. Thank you for your information otherwise!

[aubhoj]

U just said the same thing over and over again….this video should be 30s😂