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Quick Money Tip #27 Money Market Account vs High Yield Savings Account (HYSA): Which is Best?
Manage episode 366158320 series 3365941
What's the difference between an HYSA and a money market account, and how do you choose which one to use?
A high-yield savings account (HYSA) and a money market account are popular options for folks looking to earn interest on their savings. Both accounts offer competitive interest rates and are considered relatively safe places to store your cash with that FDIC insurance.
HYSA and Money Market Accounts typically offer a higher interest rate than a traditional savings account, allowing you to maximize your earnings. But how do you pick between the two?
Let's break it down in this week's episode!
Related Episodes
Ep. 28 Quick Money Episode #2: Why Don't You Have a High Yield Savings Account Yet?
Clo Bare Blog: clobare.com
Find me on social media at @clobaremoneycoach
Please rate and subscribe to support this channel!
Free Money Guide: moneyrightguide.com
Free Investing Class: lazyinvestingclass.com
Produced by Elevate Media - Want to start your show? Reach out!
This podcast is not intended as financial advice. Always do your own research and talk to your financial professional to discuss your situation. To read our full terms and conditions, head here:
TERMS AND CONDITIONS
106 episodes
Manage episode 366158320 series 3365941
What's the difference between an HYSA and a money market account, and how do you choose which one to use?
A high-yield savings account (HYSA) and a money market account are popular options for folks looking to earn interest on their savings. Both accounts offer competitive interest rates and are considered relatively safe places to store your cash with that FDIC insurance.
HYSA and Money Market Accounts typically offer a higher interest rate than a traditional savings account, allowing you to maximize your earnings. But how do you pick between the two?
Let's break it down in this week's episode!
Related Episodes
Ep. 28 Quick Money Episode #2: Why Don't You Have a High Yield Savings Account Yet?
Clo Bare Blog: clobare.com
Find me on social media at @clobaremoneycoach
Please rate and subscribe to support this channel!
Free Money Guide: moneyrightguide.com
Free Investing Class: lazyinvestingclass.com
Produced by Elevate Media - Want to start your show? Reach out!
This podcast is not intended as financial advice. Always do your own research and talk to your financial professional to discuss your situation. To read our full terms and conditions, head here:
TERMS AND CONDITIONS
106 episodes
All episodes
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