In this video, Colin Exelby, CFP® explains 5 things you need to know before opening up a High Yield Savings Account. I've had a high-yield savings account since 2006. I'm sharing 5 lessons I learned with my first HYSA so you don't have the same surprises.
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00:00-Introduction
01:00-The interest rate reality check
02:07-The multiple account advantage
03:45-The tax drawback
05:34-HYSA’s Aren’t The Best Route for Building Wealth
08:00-HYSA Requirements
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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy
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