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MORE Money Mondays: High Yield Savings Accounts (HYSAs)
Manage episode 421877750 series 3578062
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In this episode of F^3, JaeVic reveals that investing isn't only about stocks, highlighting High Yield Savings Accounts (HYSAs) as a smart, low-risk way to grow wealth. Listeners learn about the advantages of HYSAs, which offer higher interest rates than traditional savings accounts, and the importance of choosing FDIC-insured online banks. The episode explains key concepts like APY and the benefits of compound interest.
Resources:
- APY Explained: Investopedia
- HYSA Explained: Investopedia
- Top HYSA Bank Updates Daily & Potential Earnings Calculator: Fortune
Social Media:
- Insta/Facebook: @financefitnessfinesse
Audio:
- Money Roll by Mr Smith; (Free Music Archive); license type (CC BY)
- Fashion House - Short Version by Scott Holmes Music; (Free Music Archive); license type (CC BY-NC)
- Hip Hop Funk Loop by JsoundLAB; (Free Music Archive); license type (CC BY-NC)
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