HYSA – High-Yield Savings Account

Hello and good day to you! I hope today is a prosperous one!

I hope you know about HYSA’s and how great they are! HYSA or a High-Yield Savings Account, is a great place to park your cash and earn some high monthly earning interest!

Right now I’ve been using OpenBank with their higher than average yields as well as what Public offers as an HYSA.

4.1%-4.75% may not sound like a sexy rate, but it’s a lot better than what your brick and mortar or simple savings accounts will get you. Most banks are paying low interest rates in savings accounts that only pay out quarterly. Most high-yield accounts pay out monthly interest, allowing you to compound much faster.

Nerdwallet is a great place to check out if you’re looking for somewhere to park your cash with an HYSA. The link below is the top HYSA’s offered. I have been using OpenBank and Public, and I love seeing that monthly deposit back into the account, generating even more with compounding interest! (Nerdwallet HYSA)

Do you have an HYSA? If so, who do you go through?