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0:00 Intro 0:31 Definition of High Yield Savings Account 1:11 Pros and cons of High Yield Savings Account 2:12 Conclusion and outro High Yield Savings Account is a type of account that offers interest rate higher than a regular savings account. High Yield Savings Accounts are perfect to grow your money by earning passive income. In this video I talked about pros and cons. Most of us only know about one type of savings accounts, however they are more than one type. Each type offer something different, this is why it is important to know them to make the best decisions when opening a savings account. Savings accounts are great way to save your money, they safe and easy to access. However, they use the money you deposit to loan to others. https://www.mybanktracker.com/savings... ------------------------------------------------------------------------------------------------------------------------------------- Thank you for watching. Don't forget to subscribe and share with a friend or family member. / budgetlove ---------------------------------------------------------------------------------------------------------------------------------------- Other videos 1. • How to Calculate your Take Home Pay 2. • True meaning of Affordability (afford... 3. • Why you NEED an Emergency Fund and Ho... ---------------------------------------------------------------------------------------------------------------------------------------- Playlist • Personal Finance 101 Disclaimer Please note that I am not a FINANCIAL ADVISOR. #highyieldsavingsaccount #highyieldsavingsaccounts #highyield #highinterestrate #savingsaccount #personalfinance #personalfinanceyoutuber #subscribetomychannel #procandcons #highyield #highyieldsavingsaccount #highyieldsavingsaccounts #highinterest #savemoney #growyourmoney #personalfinance #shortsfeed #shortsyoutube #trendingshort #youtubeshorts #youtubeshortusa ---------------------------------------------------------------------------------------------------------------------------------------- Thank you for watching. Don't forget to subscribe and share with a friend or family member. / budgetlove ---------------------------------------------------------------------------------------------------------------------------------------- Other videos 1. • How to Calculate your Take Home Pay 2. • True meaning of Affordability (afford... 3. • Why you NEED an Emergency Fund and Ho... ---------------------------------------------------------------------------------------------------------------------------------------- Playlist • Personal Finance 101