The 5 BEST High Yield Savings Accounts Of 2024

Опубликовано: 30 Октябрь 2024
на канале: Danny Sully

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5 BEST High Yield Savings Accounts to start using today and earn up to 5.25% on your savings! Signing up should take less than 5-10 minutes and will earn you much more money than a traditional savings account like Chase, Wells Fargo, Bank of America, Etc. - Enjoy!

Please be aware of potential drops in the future. I will be covering more on this in future videos and below is a video on 5 things you MUST know about High Yield Savings Accounts.
   • 5 Things You MUST KNOW About High Yie...

📖 Free Savings Account Mastersheet: https://dannysully.link/SavingsMaster...
🎥 High Yield Savings Accounts For Beginners    • High Yield Savings Accounts For Begin...
Get a 0.5% Boost With Wealthfront 👉 https://dannysully.link/Wealthfront

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⏰ Timestamps ⏰
00:00 Intro
01:10 My Banking Direct
02:18 SoFi
05:21 Capital One
06:39 Ally
08:17 WealthFront

Why A High Yield Savings Account?
A High Yield Savings Account is a type of savings account where you can earn higher interest than one with a traditional bank. The accounts shown in this video all come with no monthly fees nor minimum deposit requirement, very liquid, have proven trust and high ratings from its users, and are all stated to be FDIC insured.

Updated as of Posting Date (08/29/2024):
1. My Banking Direct - 5.25%.
Requirements: $500 minimum to open, balance over $1 to earn interest.
Features: FDIC insured, no monthly fees, simple mobile app.

2. SoFi - 4.50%
SoFi offers a checking and savings account together when you sign up. The company offers many features such as savings vaults and recurring transfers. Additionally after you set up a direct deposit you will earn a 4.50% yield and you can earn up to a $325 cash sign up bonus.
🏦 SoFi Checking & Savings (Up To $325 Cash Bonus): https://dannysully.com/SoFi

3. Capital One - 4.25%
Capital One has a 360 Performance Savings Account that currently yields 4.25% and is known to be one of the largest banks that give out high yields. You can also link this to a checking account and have the ability to go to an in person branch location unlike many high yield savings accounts.

4. Ally Bank - 4.20%
Ally Bank's Online Savings Account has a great beginner friendly display that is commonly known for their bucket tool that displays your savings separately in a clean way. Ally's online savings offer a 4.20% yield.

5. Wealthfront - 5.00%
This is considered a "cash account", which comes with the combined features of a checking and savings account. With the Wealthfront cash account, you can earn a 5.00% APY. You can also earn an extra 0.50% for your first 3 months using the link below.
💵 Wealthfront (+0.5% APY): https://dannysully.com/Wealthfront

This list is in no particular order.

Please let me know in the comments any questions you have!

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Disclaimer: This content is for entertainment purposes only. The information provided in this video does not, and is not intended to, constitute legal, tax or financial advice; instead, all information, content, and materials available on this video and on this channel are for general informational purposes only. The presenter is not an attorney, accountant or financial advisor. Viewers of this video should contact their attorney, accountant or financial advisor to obtain advice with respect to any particular legal, tax or financial matter.