Why is a HYSA essential? 👇🏼 Happy Sunday Friends!! 📈A High Yield Savings Account is the perfect account to take advantage of compound interest while minimizing risk. This type of account is perfect to use for your emergency fund, sinking funds, short-term goal funds, your child’s custodial savings, etc. 📍All of these banks are digital, meaning no physical branch to go to, which allows them to offer a higher yield for your money. However, it’s still super simple to open and transfer in and out from your regular checking account. All you do is link it to your bank account or cash app, Venmo, etc. →Quick Note: I would go to each of the companies and make sure you know how transfers are made and which platforms they are compatible with. Depending on what your preference is, will help you determine which account would best fit your needs/goals. ✨All are FDIC insured!✨ These are excellent options to take advantage of TODAY! So if you have a chunk of money sitting in your regular a$$ bank account that’s literally LOSING you money due to inflation right now, then STOP what you’re doing right now and open up that HYSA! You’ll thank me later 🤗 💌Share with your loved ones who would benefit from this post. 🤍 👍🏼Double tap if this helped YOU! Let’s get financially fierce! 👉🏼Follow @FinancialFierceness for more financial education tips, valuable insights, and all things finance. Elevate your financial literacy and success! 💡💸 ⁠ ⁠ #MoneyMastery #FinancialFierceness #FinancialCoach #FinancialTips #FinancialEmpowerment #WomenEmpowerment #BeFierce #BeEmpowered #financetiktok #allthingsfinance #financialliteracy