High Yield Savings – Work Hard AND Smart



Hey Kids! 👋🏻👋🏻

I’m aware that it can be difficult to put away money,
especially the past few years.

However if you have been able to put some money away, I hope you have been taking advantage of the interest rate you get from a High Yield Savings account.

We personally use Capital One (I’m not getting compensated) which currently has a rate of 4.1 %

My local credit union is .4%

So, If I have $2,000 in that account it’s a difference of making $8 or $80 in a year.

If I have $10,000 in that account it’s a difference of making $40 or $400 in a year.

As you can see, the more you manage to put away, the more “free” money you’re missing out on if you don’t take advantage of a High Yield Savings Account

It’s good to work hard, but you also want to work smart. 🤓

I hope you have a great day

God bless you 🙏🏻

#dadhowdoi #wisdom #moneymonday #hys #highyield

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