What is a High Yield Savings Account ? Pros and Cons Best Explained
Hey Guys! 😄
Welcome Back to the Channel, today we cover what a high yield savings account is, as well as it's pros and cons and if it something you may want to consider to save your finances whether you are retiring, already in retirement or are just looking to better your financial independence .
0:00 What is a High Yield Savings Account
0:18 High Yield Savings Account Explained
0:45 Top 3 Advantages of High Yield Savings Account
0:49 Advantage Number 1 - Higher Interest Rates
0:55 Advantage Number 2 - Low Risk
1:02 Advantage Number 3 - Easy Access
1:11 Advantages of Budgeting your High Yield Savings
1:25 Disadvantages of High Yield Savings Accounts
1:31 Disadvantage Number 1 - Limited Transactions
1:38 Disadvantage Number 2 - Minimum Balance Requirement
1:41 Disadvantage Number 3 - Variable Rates
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Thanks and See you in the Next Video!
#financialwellness #retirementbudgeting #budgetingjourney
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