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Savings Account

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

How to Start your Responsible Credit Journey

May 20, 2024 by Simple Finance Bytes

Your credit score is one of the most important numbers that you will deal with for most of your life. Not only is it used to determine what interest rates you pay on loans like traditional mortgages, it is also used in other key scenarios like qualifying to rent an apartment or applying for a … Read more

Categories Article, Credit Cards Tags Building Credit, Checking Account, Credit Cards, Credit Journey, Credit Reports, credit union, Credit Utilization, financial independence, Local Bank, No Annual Fee, Savings Account, Secured Credit Card, Simple Finance
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