What They Don't Tell You About High Yield Savings Accounts
What They Don't Tell You About High Yield Savings Accounts. The truth about HYSA's is there are pros and cons. Let's talk about it LIVE.
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*Time Stamps*
0:00 intro
06:00 What is a High Yield Savings account?
08:55 Comparison of the latest HYSA's
11:29 HYSA calculator interest rate growth
16:99 Why banks want your money in their HYSA
20:35 Fractional reserve banking
22:00 Fed Funds rate connection to HYSA's
32:57 Pros of HYSA's
36:49 Cons of HYSA's
44:51 Why I like High Yield Savings Accounts
48:05 Things to compare when opening a HYSA
54:03 JP Morgan expansion article
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