A traditional savings account pays you very, very little interest. Don’t keep your full 3–6 month emergency fund in there. The best place to keep your emergency fund is a high-yield savings account. This is a type of savings account offered by banks and credit unions with a much higher interest rate than traditional savings accounts. While traditional accounts average about 0.25% interest rate, high-yield savings accounts are currently offering rates of at least 3 or 4%. Look for one with no min
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A traditional savings account pays you very, very little interest. Don’t keep your full 3–6 …
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High Yield Savings Accounts average about 5% interest vs traditional savings account which average .05%. When you set yours up be sure to name a beneficiary and consider a trust for better protections. Comment “book” for free bestseller, Legally Ever After and discover more about trusts and the 6 step plan to protect your children’s future and happiness.This is not specific legal or tax advice. This is educational only. Please consult with a legal and tax professional with regard to your specifi
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