Avoid This Mistake With Your Savings Account 🤦🏾♂️🏦
Savings accounts with Big Banks are known to give you very little interest on your savings. That’s why it’s so important to get a High Yield Savings Account as soon as possible to actually grow your money 📈
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honestly it’s so hard to actually grow a savings account when you don’t even know where your money is going half the time. i’m way too lazy to keep up with a spreadsheet and usually just give up after a few days lol. i started using budgetgpt recently and it’s been super helpful because it’s basically just texting to track everything. it’s the only way i’ve actually been able to keep enough in my account to see those savings grow for once.
You also can’t touch this money in high yield for months or years, according to your contract that you signed. You can get some out, but you must pay penalty…the key word is SAVING. It has to stay in account for a while.
Completely useless
Goldman Sachs savings remains over 3.50% and if you get a friend to sign up, you both get a bonus for three months. It used to be a full percent! But they got cheap and now it’s only 0.25%.