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HYSA

High Yield Savings Account: Why Your Bank is Stealing Your Money

August 6, 2025 by Simple Finance Bytes
High yield savings account pays 100x more than regular savings. Learn why banks steal your money and where to get 4-5% interest instead.

A high yield savings account could be the easiest way to stop losing money every single year. Most people keep their emergency fund in regular bank savings accounts that pay almost nothing while inflation eats away at their buying power. Your bank is basically stealing from you, and they’re counting on you not to notice. … Read more

Categories Banking Tags Banking, financial freedom, financial independence, high yield savings, high yield savings account, HYSA, money market savings, personal finance, savings, Savings Account, Simple Finance

Stop Stashing Cash in Traditional Banks! Here’s a Smarter Approach

November 14, 2024 by Simple Finance Bytes

If you’ve ever opened a savings account at a traditional bank, you probably did it because it felt like a responsible, safe way to protect and grow your hard-earned cash. But here’s the thing: while that account is secure, it’s also barely growing. Traditional banks offer low interest rates on savings accounts, often under 0.10%, … Read more

Categories Banking, Financial Independence, Saving Tags financial freedom, financial independence, high yield, high yield savings account, HYSA, saving, Savings Account, Simple Finance

Top 5 Friday: Our Favorite High Yield Savings Accounts

June 14, 2024 by Simple Finance Bytes

When it comes to saving money, a High Yield Savings Account (HYSA) can be a game-changer. Offering significantly higher interest rates compared to traditional savings accounts, HYSAs help your savings grow faster. Whether you’re building an emergency fund or saving for a big purchase, here are our top 5 favorite high yield savings accounts that … Read more

Categories Banking, Saving Tags ally bank, american express, capital one 360, financial independence, high yield savings account, HYSA, marcus by goldman sachs, saving, simple budget, Simple Finance, sofi

Fight Inflation and Earn More: How High-Yield Savings Accounts Can Be Your Secret Weapon

May 31, 2024 by Simple Finance Bytes

Inflation is on the rise, and it can feel like your hard-earned savings are losing value every day. That’s because inflation erodes the purchasing power of your money. A dollar today won’t buy you what it will tomorrow. But there’s a way to fight back: high-yield savings accounts. These accounts offer significantly higher interest rates … Read more

Categories Banking, Financial Independence Tags ally bank, american express, financial independence, high yield savings account, HYSA, inflation, marcus goldman sachs, robinhood, saving, Simple Finance, sofi
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