The EASIEST Way to Earn 4% APY!!! (PASSIVE INCOME)

The EASIEST Way to Earn 4% PASSIVE INCOME!

Here's why you need a High-Yield Savings Account (HYSA) in 2023...

A typical savings account at a traditional bank will earn around .2% to .3% in annual interest and that's terrible!

However, High-Yield Savings Accounts offer interest rates that range from 3.5% to 4% - Which is incredible!

Here's why this matters.

So let’s say you have $10,000 that you want to put in a savings account.

At a traditional bank, that $10,000 would only earn .3% in interest which means you're making $30 a year...

But if you put that same $10,000 in a High-Yield Savings account that earns a 3.75% interest rate, that same $10,000 dollars would be making you $375 a year!

Not bad for doing nothing...

So if you don’t have a High-Yield Savings Account, I strongly suggest you get one!

#savingsaccount #moneytips #passiveincome

[Moneykingkevo]

No hes absolutely correct...i have 3 just opened a 4th 1...you can open up multiple savings account to creating your own APY...dont settle for 1 do some research and put money in the best ones these institutions are competing over you and your money and when you put money in a savings account you is investing you investing in yourself...i opened up 3 UFB direct bank Credit Karma Alliant credit and i just opened up wealthfront this morning discover is next on my list

[drunkbikewrenchen]

Doesn’t even begin to keep up with inflation. Saving money doesn’t make sense. The only way to get ahead is to invest.

[JohnDabs]

So is this only useful if you have 10, 000+ to put away? Cause if I had $10k to put away in savings I wouldnt even be watching this. But as someone trying to start saving money even at 5% apy it doesn't seem like it offers any real benefit. Id find it extremely difficult to save a total of $1000 by the end of the year. So unless I make like 3x what I make now, id barely get $500 after a decade. Which isn't worth anything. Right now with a shit job I make $500 in less than a day. It doesn't seem like there is any real benefit to a savings account? Like imagine if you put a gallon of milk in the fridge and everyday it refilled by a drop or two. It'd be a pointless magical benefit. Pretty neat after a week you have some milk in an empty container but not enough to really say you can do anything with.