BEST High Yield Savings Accounts of 2024

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  • Опубліковано 2 тра 2024
  • Discover the top 7 High Yield Savings Accounts for 2024 in this comprehensive breakdown! In today's financial landscape, finding the right savings account can make all the difference in maximizing your returns. Join us as we explore the best options available, considering interest rates, fees, accessibility, and more. Whether you're saving for a rainy day, a big purchase, or long-term goals, these accounts offer competitive yields and valuable features to help grow your money. Stay ahead of the curve and make informed financial decisions with our guide to the best High Yield Savings Accounts of 2024
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КОМЕНТАРІ • 27

  • @priscillajoy7873
    @priscillajoy7873 Місяць тому +1

    Love it I'm with usaa hopefully that's good enough

  • @jaylenlenear3944
    @jaylenlenear3944 21 день тому +2

    You didn't have to mislead with the thumbnail of 6% you could have just talked about all being over 4.5

  • @AndresDoes
    @AndresDoes Місяць тому

    How do you use the interest to purchase stuff with? Looking to open a high yield savings account

    • @daniel.sparks
      @daniel.sparks  Місяць тому

      So each month, the interest that you have from your savings account is going to be deposited into your savings account. So if you want to use this to purchase stuff, you just pull out the money from your savings account and put it into your checking account.

    • @AndresDoes
      @AndresDoes Місяць тому

      @@daniel.sparks I see, I use Wells Fargo
      So I could transfer it over to cover my credit card bill ? (Excluding the high yield savings account that doesn’t do wire transfers)

  • @DanielGennaro
    @DanielGennaro 23 дні тому

    Used to have discovered high yield and it dropped awhile back. Was stacking money. Had 20k back in the day but life happens and had to use it

    • @daniel.sparks
      @daniel.sparks  23 дні тому +1

      That’s sucks, you’ll get it back just keep grinding

  • @Zoneread24
    @Zoneread24 18 днів тому

    Good video, question: if I put 20k in my high yields account, and 5 percent of that is 1000. Will I get 1000 per month or is it just for the whole year? lol thx

  • @bradbrowne4987
    @bradbrowne4987 Місяць тому

    any thoughts on M1 high yield cash account? 5% apy FDIC insured as well

    • @daniel.sparks
      @daniel.sparks  Місяць тому +2

      They look very solid! They insure
      $5 million which is really really good! They’ve only been around since 2015 so they aren’t as established as some of the other banks but still a solid option.

    • @bradbrowne4987
      @bradbrowne4987 Місяць тому

      @@daniel.sparks cool. I use them as my investment account so it will be easy for me to have my savings/investments/roth ira all on 1 platform

  • @brendasmith4220
    @brendasmith4220 Місяць тому

    what about hard pulls for these

    • @daniel.sparks
      @daniel.sparks  Місяць тому

      As far as I know non of them do, I think that CIT bank might.

  • @octonoozle
    @octonoozle Місяць тому

    I don't make enough money at McDonalds to satisfy Sofi's minimum deposit requirement for the higher rate.

    • @daniel.sparks
      @daniel.sparks  Місяць тому +1

      There is no minimum direct deposit amount to receive 4.60% APY. The Deposit is only to meet the sign up bonus but you can open up the savings account for free.

    • @octonoozle
      @octonoozle Місяць тому

      @@daniel.sparks oh okay! I will get it

  • @devonchambers5225
    @devonchambers5225 4 дні тому

    Misleading Thumbnail for no reason

  • @Mario95133
    @Mario95133 Місяць тому

    4.6 inches😭😭😭😭😭😭😭

    • @Arponare
      @Arponare Місяць тому +1

      I noticed that too. 😭

  • @johnl9135
    @johnl9135 23 дні тому +2

    The part I hate about all these HYSA is the stupid rules they have like Sofi. If you really want customers why put all the stupid restrictions on it? Why do they care if the money coming from the employers or your own money you have saved up? Poop! I will never sign up with those kind of banks and their stupid rules. I am using Primis bank at 5.07% over a year now with no stupid rules and restrictions.

    • @daniel.sparks
      @daniel.sparks  22 дні тому

      Banks often implement rules and restrictions on high-yield savings accounts to maintain profitability. While these restrictions can be frustrating, they're often in place to protect the bank. It's great that you've found a bank like Primis that offers a competitive rate without burdensome rules.