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Investing in a High Yield Savings Account - Pay Yourself First!


January 21, 2020 ( Newswire) If you have money to play with, why let it just sit there in regular account? Put your money to work for you and look into a high yield savings account. Interest rates can be sky high (in terms of savings interest) in a high yield account and could gain you more than 100x the amount a regular account would.

You have the good sense of investing your money, so it only makes sense to make the right move to choose an option that could pay you 20-25 times the national average of a regular savings account.

Online banks offer some of the highest rates available, although one downside is it could take a few days to access your money. However, with e-transfers and all the luxuries (such as convenience) an online bank affords moving money around is easy.

To entice you even more, most high yield savings accounts come with little to no monthly fees and they are as safe in terms of insurance as traditional accounts. Keeping your emergency fund in such an account accruing interest will pay off well in the future.

And to maximize all avenues of saving and investing, see what Tips Dollar has in store for you. Added to the High Yield Savings Account, you can venture into micro investing, cash back rebates, and other investments to ensure your finances are secured for the long haul.

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