High-Yield Savings Accounts–Pros, Cons, and Tips for Choosing One

What you should know about using a high-yield savings account (HYSA), including tips for choosing the best one and how to get the most from an online bank.

Dec 05, 2023

∙ Paid

a glass jar filled with coins and a plant — Photo by Towfiqu barbhuiya on Unsplash

“Hi Laura, this is Amy from Alaska, and I'm considering an online bank to open a savings account with higher interest rates than I'm currently getting at my local bank. Can you provide some pros and cons and tips for choosing an online bank?”

Thanks for your question, Amy! I love that you’re thinking about making you…

High-Yield Savings Accounts–Pros, Cons, and Tips for Choosing One

What you should know about using a high-yield savings account (HYSA), including tips for choosing the best one and how to get the most from an online bank.

This post is for paid subscribers