If you haven't made the switch to a high-yield savings account yet, you are flat out throwing money away. Why? The APYs on savings accounts offered by traditional banks are not even in the same arena as those offered by online banks. Take this expert pick, for example. Its APY is over 9x the national average. That's HUGE! Just to put that into perspective … say you have $10,000 currently sitting in your savings account. With a traditional bank, after 1 year, you'd have earned just $39 in interest on your savings. But with this account? You'd have earned $375*! And that's just letting your money sit there, not adding one penny. Talk about a difference! Plus, if you got started right now and you could be done opening your new account in less than 10 minutes. Seriously. I did this exact process last week from my phone, and from start to finish I was done in under 5. It's that easy. I know the process of opening a new savings account can seem daunting. But trust me, it's one easy step that could exponentially boost your savings for years to come. So what are you waiting for? Get started now. |
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