Category Archives: Banking

Do You Have Your Money in the Wrong Account?

Editor’s Note: The APYs for high-yield savings accounts listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes.

The economic fallout from the coronavirus has left many people feeling uncertain about their future, and as a result, many are prioritizing saving for an emergency fund (including myself).  When you need a place to keep your money that you’ll use for bills and buy groceries, a checking account is an obvious choice.  But when you want to put money aside for future needs (i.e. emergency fund, vacation fund, etc.), the best option is a high-yield savings account.