Investing 101: Best HYSA accounts!

Hi girlies! Last post I talked about what is a High Yield Saving Account and why is it good thing for beginner to start investing! Now I wanted to talk about 4 great HYSA that you should look into!

*These APY rates are from September 2023

Commonalities:

The commonalities that all of these 4 banks have is that there are no monthly fee to maintain the account which is great for beginner! They are all FDIC(Federal Deposit Insurance Corporation insured) insured which basically means that if the bank were to experience financial difficulties or fail, the FDIC would step in to protect your money! They also doesn’t require any minimum money takes to open the account!

The only difference between these accounts are the different APY (Annual Percentage Yield) basically means the interest rate you are getting for banking with them! The highest to lowest APY in September is Wealthfront, SOFI, Capital one/ Marcus! I personally have a wealth front HYSA!

Hopefully this post was informative! 🫶🏻#lemon8partner #lemon8diaries #hysa #investing #investinyour20s #investingforbeginners