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Keep watching if you use Chase, Bank of America, or Wells Fargo 👀 Don't keep the majority of your money in these banks—here's why. These banks offer extremely low interest rates (less than 1%), which means your money isn't growing. In fact, with inflation, you're actually losing money over time. Instead, consider keeping most of your money in a high-yield interest account where you can earn more. While standard savings accounts yield just 0.01%, high-yield interest accounts currently offer 4%-5% returns. Want a list of my favorite high-yield savings accounts? Tag a friend or comment SAVINGS and I'll send it your way! -Steve Follow @calltoleap Follow @calltoleap for investing videos! Follow me @calltoleap to learn more things like this about money! Make sure you check out my next beginners investing master class January 7th at 5:30 PM PT the link to sign up is in my bio! 🔥 #money #investing #finance #personalfinance #HYSA
Duration: 49 sPosted : Tue, 10 Dec 2024 00:00:15Views
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