After switching to a high-yield savings account to save for a home, I don't think I'll ever use a regular savings account again

México Noticias Noticias

After switching to a high-yield savings account to save for a home, I don't think I'll ever use a regular savings account again
México Últimas Noticias,México Titulares
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

A regular savings account just can't compete

After finding out how disappointing interest on a typical savings account can be, I switched to a high-yield savings account as I save for a down payment on my first home. While most savings accounts have an interest rate of about .01% today, high-yield savings accounts can earn 20 times more, with interest rates as high as 2%. After earning $80 in interest over four months, I couldn't imagine ever having a typical savings account again. Read more personal finance coverage.

After finding out how disappointing interest on a typical savings account can be, I switched to a high-yield savings account as I save for a down payment on my first home. While most savings accounts have an interest rate of about .01% today, high-yield savings accounts can earn 20 times more, with interest rates as high as 2%. After earning $80 in interest over four months, I couldn't imagine ever having a typical savings account again. Read more personal finance coverage.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

BusinessInsider /  🏆 729. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Amazon's insane daily deals for Cyber Monday feature the Echo Dot and Echo Show: Get 'em before they sell outAmazon's insane daily deals for Cyber Monday feature the Echo Dot and Echo Show: Get 'em before they sell outGet up to 40 percent in savings for the lowest price ever on these smart home favorites: 'I had no idea I'd love Alexa so much.'
Leer más »

Lululemon Cyber Monday Sale: Deals on Leggings, Bras & More (Updated)Lululemon Cyber Monday Sale: Deals on Leggings, Bras & More (Updated)The popular athleisure brand is still rolling out major savings to kick off the holiday season.
Leer más »

Lululemon Cyber Monday Sale: Deals on Leggings, Bras & More (Updated)Lululemon Cyber Monday Sale: Deals on Leggings, Bras & More (Updated)The popular athleisure brand is still rolling out major savings to kick off the holiday season.
Leer más »

China's Postal Savings Bank says some retail investors opt out of mainland listingChina's Postal Savings Bank says some retail investors opt out of mainland listingPostal Savings Bank of China said investors had opted out of paying fo...
Leer más »

The Most Flattering Short Haircuts For Thin HairThe Most Flattering Short Haircuts For Thin HairYou are not blessed with thick, Rapunzel-like locks? Don't ever think that you've got the short end of the stick!
Leer más »



Render Time: 2025-04-08 08:16:04