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If you don’t have a high-yield savings account, then can I ask, “What’s wrong with you?” Sure that sounds harsh, but there is no reason not to have your money earning interest that is currently BEATING INFLATION.

You don’t need piles and piles of money, like Scrooge McDuck, to get a high-yield savings account. Any amount of savings that you have should be sitting in a place that will earn you enough interest to ensure that the money isn’t evaporating. Just like a regular savings account, a high-yield savings account is ensured by the FDIC (for banks) and NCUA (for credit unions) which means that you can park up to $250,000 there with no risk of losing it.

You also can’t use the excuse that you are constantly dipping in and out of your savings because a high-yield savings account is incredibly liquid. You can get at the money just as easily as you could in a normal savings account.

I can hear your final objection now: I don’t know where to find a high-yield savings account and it sounds like it would be difficult to figure out which one I should use. Ah, that’s where I’ve got you! Actually, finding a high-yield savings account is the easy part. All you have to do is go to The Yukon Project website. We have a page that allows you to see several banks, compare their rates, and see what their policies are.

Get a high yield savings account in five minutes

You can have a brand new high-interest savings account in five minutes. That’s pretty close to the amount of time you are currently spending reading the description of this video. Don’t get me wrong, I appreciate that you would take the time to read all of this, but you could have been done by now if you would just click the link…… …and got yourself set up with a shiny, new high-yield savings account.

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Youtube Channel:    / @theyukonproject  

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Nathan Foley