Saving Accounts

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How to make easy money with money you already have 💰 📢 Use a High Yield Savings Account (HYSA) A HYSA has a higher Annual Percentage Yield (APY, or interest rate) than traditional savings accounts offered by most major banks. Think 0.01% versus 4.0%+ (HUGE difference! 😱) Before choosing a new savings accounts, do your research to see if any minimum deposits or minimum balances are required or if there are any account or maintenance fees. *This is not intended to be taken as financial adv... Best High Yield Savings Accounts, Best Banks For Checking Accounts, Bank Accounts To Have, Savings Accounts To Have, Savings Account Balance, High Bank Account Balance, Savings Account For Kids, High Interest Savings Account, Bank Account Balance

How to make easy money with money you already have 💰 📢 Use a High Yield Savings Account (HYSA) A HYSA has a higher Annual Percentage Yield (APY, or interest rate) than traditional savings accounts offered by most major banks. Think 0.01% versus 4.0%+ (HUGE difference! 😱) Before choosing a new savings accounts, do your research to see if any minimum deposits or minimum balances are required or if there are any account or maintenance fees. *This is not intended to be taken as financial…

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What's the difference between an emergency fund and a sinking fund? They are both savings accounts but have different purposes.  An emergency fund is there in case of, well, an emergency. If something unexpected happens, it's there to back you up.  Sinking funds are set up for planned purchases -things like vacations, buying a car, or saving for certain bills, like your car insurance if you pay bi-annually.  Check out the blog for more info on saving & budgeting! Emergency Funds Savings Plan, What Are Sinking Funds, Sinking Funds Categories, Emergency Fund Savings Plan, Saving Methods, Sinking Fund, Saving Accounts, Budget Goals, Money Saving Methods

What's the difference between an emergency fund and a sinking fund? They are both savings accounts but have different purposes. An emergency fund is there in case of, well, an emergency. If something unexpected happens, it's there to back you up. Sinking funds are set up for planned purchases -things like vacations, buying a car, or saving for certain bills, like your car insurance if you pay bi-annually. Check out the blog for more info on saving & budgeting!

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