Why You Need a High Interest Savings Account
Updated: Mar 27, 2022
Learn what a high interest savings account is and why you need one - personal or business!
TL:DWTR (Too long, don't want to read)? Our TikTok video about high interest savings account is live!
Sections:
+ What is a high interest savings account?
+ How do you open a high interest savings account?
+ How do you know if a savings account is offering a high interest rate?
+ Can I open up a high interest savings account for my business?
+ Tips for how to maximize your high interest savings account
What is a high interest savings account?
A high interest savings account is exactly what it sounds like - it's a savings account that offers a high interest rate. Why is this important? You're essentially getting FREE money for keeping it in an account. Your money sits there and grows at a faster rate compared to a traditional savings account. This is one of the 5 investment strategies that I recommend for risk averse clients.