Anyone can open a high-yield savings account
To take it a step further, Lockert set up automatic transfers so the accounts fund themselves.she writes
. "I am more clear, focused, confident, and know exactly how each dollar is used. Not only that, but it has given me peace of mind to know that I have money in the bank and that I'm prepared for a variety of situations." Anna Baluch and her husband combined their savings in a high-yield account, potentially earning hundreds of dollars a yearFreelance writer Anna Baluch ditched her bank when she got married and combined her savings with her husband in a high-yield account.
"If we had stayed with either our premarriage savings accounts, $20,000 in savings would have made only $2 to $6 in interest,". "Now we can enjoy an estimated interest earnings of $440 with our Ally Bank online savings account. Just like most people, we work hard for our money, so there's no reason to have it sit in a savings account that essentially does nothing for us."
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