Step 2: Choosing a High-Yield Savings Account
This is not professional advice. This is just where I compile my thoughts and what I learn.
“Now that I know I want to open a high-yield savings account, I need to figure out which one to choose.”
Thank you Google!
As someone who didn’t know anything about High-Yield Savings Accounts, I did what any person in 2024 would do:
I googled it.
Learned about a website called NerdWallet
A web page titled “Best High-Yield Savings Account of July: Up to 5.45%” popped up and I clicked the link.
(I have also linked this page in the button below)
This is how I learned about NerdWallet and it has been so helpful! NerdWallet offer information, resources, financial tools, and educational content aimed at helping people make well-informed financial decisions.
How I Chose a High-Yield Savings Account
Googled “What is a good high-yield savings account"?”
It all began with a google search.
I clicked on a link which sent me to a page on NerdWallet
I think NerdWallet was a really good starting point for me. They explained what high-yield savings accounts are, showed me different savings rates, and provided a solid list of different accounts along with their rates.
Once I had an idea of what accounts were out there I got to googling, watching YouTube videos, and talking to people. In the end I decided to go with SoFi.
