Loan Digest

3 reasons to keep your cash in high-yield savings instead of checking - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Make your high-yield savings account a place for money to grow, and leave your checking account for spending

That 1% to 2% probably won't make you rich, but that's more than 15 times as much growth as you'd earn in checking, with almost no more effort.With a high-yield savings account, you can keep money out of sight and out of mind. If you want, you can even open your savings account at a separate bank from your checking, to add another step to access it.

In checking accounts, there's no good way to organize money. A high-yield savings account can help keep your money organized and separated, and eliminate the confusion when it comes time to spend.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Student loan interest is suspended — here's how to use the cash - Business InsiderPresident Donald Trump announced on Friday that interest on federal student loans would be suspended 'until further notice.' If ... lol
Source: BusinessInsider - 🏆 729. / 51 Read more »

4 reasons to refinance your mortgage when interest rates are down - Business InsiderMortgage interest rates are low, which means now might be the time to refinance to get a lower interest rate and make smaller payments.
Source: BusinessInsider - 🏆 729. / 51 Read more »