Best High Yield Savings Accounts (2023) | Money Market Funds Included!
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- Äas pĆidĂĄn 25. 07. 2024
- In this video, we'll show you how to earn over 5.50% APY on your cash with high yield savings accounts, Treasury Bills, and money market funds! We'll discuss some of the highest yielding products & sign up bonuses for September 2023.
đ TIMESTAMPS:
0:00 Introduction
0:18 Discover
1:07 Marcus by Goldman Sachs
1:52 Betterment
2:52 Upgrade Premier Savings
3:22 Raisin (SaveBetter)
4:38 BluPeak Credit Union
5:45 4-Week Treasury Bills
6:52 Fidelity Money Market Fund
8:24 Charles Schwab Money Market Fund
9:22 Vanguard Money Market Fund
âĄïžTo Unlock A 1% APY Boost on Marcus by Goldman Sachs (Referral Link to Online Savings Account): www.marcus.com/share/ERI-V1H-...
âĄïžTo Unlock a 0.75% APY Boost on Betterment: www.betterment.com/affiliate-...
đ° To Earn $100 with Fidelity's Starter Pack: www.fidelity.com/go/starter-pack
đ° To Earn Up to $1,000 in Referral Bonuses with Charles Schwab: www.schwab.com/referral
đ„ The BEST HYSAs, CDs & Treasury Bills of Last Month: âą BEST CDs, Treasury Bil...
đ„ How to Buy Treasury Bills (Treasury Direct & Broker): âą How to Buy Treasury Bi...
đ„ How to Buy Brokered CDs: âą STOP Buying Bank CDs -...
#treasurybills #savings #banking
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* All videos are for entertainment & educational purposes only and should not be construed as financial or investment advice. Links above include referrals that help financially support me and the channel. Referral offers and information provided in the video are accurate at the time of the posting date but may not be so in the future.
Thanks for sharing
I put most of my cash in Vanguard money market (VMFXX), 4 week Treasuries (buy every 4 weeks) ladder, local bank CDâs , and an FDIC insured money market account in a local/regional bank, and about ten checking and savings accounts. I am spreading the money around due to risk aversion. I am waiting for a stock market and real estate crash which is coming in short in my opinion. I am then going to purchase a tiny starter type home with cash and DCA into NOBL etf and the Invesco low volatility fund. That is my plan. Thanks for all your vids Eric.
Really interesting strategy, and good to hear you have a plan for if/when equities & real estate may fall! Hope you get to purchase a home real soon!
Great list. I would add Capital One and Citizens bank both over 4.3
Both really good options!
Awesome information. Thanks
My pleasure! Thanks for stopping by!
Hi Sir , do you have any refrence of CIT Bank they are offering 5.05% apy on yields savings accounts . Thanks
I am also thinking about them as well
I will go with CIT. Bank
I jus would like more council regarding finance
Great question! CIT Bank is a very solid one that I've highlighted in other previous videos! The only 2 downsides for a few people are (1) the requirements and (2) customer experience relative to other companies. For (1), it does require a $5,000 balance which can be high for some individuals. (2) is very subjective and dependent on customer experiences. Some people just prefer companies with better mobile apps like Capital One and/or Discover, while others are completely fine for a barebones approach like CIT Bank.
Hi there, thank you for the great video. For BluPeak credit union, are they still offering the bonus by any chance? And what is the procedure of getting the bonus?
Good question, Derek! There's actually a newer $300 sign up bonus that's much easier to hit for most people. The details are as follows:
$100 Bonus - Open a new Free Checking with eStatement, Premier Checking, or Student Checking account and get a $100 bonus one week later.
$200 Bonus - Set up direct deposits totaling $500 or more* and get a $200 bonus 90 days after opening your account.
PNC Bank is a good choice since it offers 4.65%
Very solid option!
I just received my distribution for the Sept-Oct period for an investment in SWVXX. I don't understand why the distribution amount was less than the Aug-Sept period especially since the amount earning interest was larger than the previous period. I don't believe the 7 day yield was different so not sure why that would be.
Great question, Alan! SWVXX is a mutual fund that holds hundreds of different CD's and bonds from banks and companies like JPMorgan Chase, Bank of America, Bank of Nova Scotia, and more. Each of these holdings have a different maturity date, meaning they'll pay a distribution all at different times.
SWVXX simply receives all of the income for that month and pays it off to you as the investor. Because the average weighted maturity date is 31 days, there are some months that will have larger payouts than others. So while September's payout was 0.0047 per share and October's payout was 0.0042 per share, it's certainly possible for either November or December's payout to be much higher.
Appreciate the explanation Eric.@@EricTangOfficial
why worry about the health of the regional banks (under Raisin) if they are FDIC INSURED?
Good question! FDIC insurance is always welcome provided there's enough $$$ to go around in their Deposit Insurance Fund. The main hassle is usually that, if a bank were to go under, there may be temporary delays for access of those deposits. Historically, the FDIC tries to pay out within a few days of bank closing (often the next business day). But for the sake of nuance, a large national bank tends to have more diversified streams of income and are less susceptible to interest rate hikes on their operating profits.
@@EricTangOfficial ok I see ur point - FDIC INSURED doesn't mean 0 risk đ
Thanks for the reminder!
No doubt, one of the best ways to grow and save your money is through investing. You don't need a fortune to get started. Even a small amount can turn into millions if you invest wisely. I wasn't financially free until my 50s, and I'm still in my 50s, but I've already purchased my fifth house, enjoy a monthly passive income, and achieved 4 out of 5 of my financial goals. I hope this inspires someone to realize that it's never too late to start, regardless of your age. You can begin investing today and change your future! Investing has been a life-changing decision for međ
Nice one,any investment tip?. I would love to know how you made it this far
Alright, speaking in general terms, investing requires a good amount of knowledge. That's why it's essential to have a solid support system like a financial counselor, especially when picking out assets. I've been working with Regina Louise Collaro, who is an investment advisor at a registered wealth management company. I can't recommend her enough; my financial journey has been fantastic thanks to her. She's quite well-known for her services, and she helped me achieve financial stability through investments. Now, I benefit from her passive income strategies every month. So, I'd strongly suggest finding a reliable investment advisor for yourself
Thatâs great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information on reaching her, you can conduct a search online you know đ€
I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely đ Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .