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High Yield Savings Accounts (HYSA) can be a good way to earn some extra money on the cash you have sitting in the bank. However, they do come with some red flags that you should know before you open up an account. This video will cover everything about HYSA's from why their interest is higher than the normal savings account, why the interest rates might be too good to be true, and which are the best high yield savings accounts according to reviews! ---------------------------------- 💵 To apply for a loan, check out our website: https://www.creditninja.com/ ---------------------------------- High-Yield Savings Accounts: 💵 Check out the Axos ONE savings and checking bundle: https://www.jdoqocy.com/kt72vpyvpxCED... ---------------------------------- 🎥Check out our other videos! What is CreditNinja 👉 • CreditNinja Review 2026 (Top Personal Loan... How to Make Money with Debt👉 • How To Turn Debt Into Money (Like Billiona... Got A Personal Loan? Do These 5 Things IMMEDIATELY 👉 • Got A Personal Loan? Do These 5 Things IMM... How Payday Loans Make You Poor 👉 • How Payday Loans Make You Poor ---------------------------------- About CreditNinja: We are a superior online lender offering more affordable personal loans for borrowers with low credit scores. Our quick and easy loan process allows you to get the cash you need, at ninja speed. If you’re currently experiencing a financial emergency, CreditNinja is here to help. ---------------------------------- Chapters: 00:00 Things to Know Before Opening a HYSA 00:19 HYSA Not for Long Term Investment 01:29 HYSA Are Not for Spending 02:34 What HYSA Are Best for 03:49 HYSA and Taxes 04:09 Read the Fine Print 06:23 Should You Open Multiple HYSAs? 07:21 Are HYSAs FDIC Insured? 08:14 What HYSA is Best for You? 08:56 Top High Yield Savings Accounts ---------------------------------- *Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday–Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, if the loan is approved, it will be funded the business day after such additional verification is completed. Disclaimer: APYs mentioned in this video are accurate as of the time of recording but are subject to change at any time. Always check with the bank or provider for the most up-to-date rates. Some of the links in the description are affiliate links, which means we may earn a commission if you sign up through them, at no extra cost to you. #personalfinance #creditninja #money #investing #personalloans #hysa #highyieldsavingsaccount #savings #bankaccount