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The pros and cons of a High Yield Savings Account.

With inflation on the rise, more people are turning to an alternative to traditional banking: high yield savings bank accounts. These banks typically offer 3-5% APY. Are these accounts worth it? Timestamps: 00:00 Introduction 00:50 What is a HYSA? 02:04 Why should you open a HYSA? 03:02 Why choose a HYSA over a traditional account? 04:48 What are the downfalls of a HYSA? 08:21 How much interest did we accrue? References: What a high-yield savings account is and how it can grow your money, https://www.cnbc.com/select/high-yiel..., CNBC, Accessed: April 19, 2023, Published: February 10, 2023

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