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Pros and Cons of High Yield Savings Accounts - You Won't Believe What We Found!

In this video High Yield Savings Accounts are explained by Colin Exelby, CFP® giving you the pros and the cons. It seems that almost weekly I have a conversation with someone about finances and I ask, do you have a high yield savings account, and the answer is no. According to a recent survey from Time Magazine’s NextAdvisor, Just 21% of adults with bank accounts have a high yield savings account. And 35% of people put money directly into low yield savings accounts at a traditional brick and mortar bank. Let’s fix that. Watch this video to learn an easy way to make some truly passive income. Outstanding Personal Finance Tools👇 Budgeting...👇 ★☆★ Rocket Money (originally called as TrueBill) ★☆★ https://rocketmoney.sjv.io/c/3206925/... Wealth Management...👇 ★☆★Personal Capital ★☆★👇 https://personalcapital.sjv.io/c/3206... Bookkeeping...👇 ★☆★Gusto Bookkeeping★☆★👇 https://gusto.pxf.io/a1MobN ★☆★ Deposit Insurance FAQs ★☆★ https://www.fdic.gov/resources/deposi... ★☆★ Compare mortgage, refinance, insurance, CD rates ★☆★ https://bankrate.com ★☆★ How to Create a 💯 % Tax-Free Retirement Income PLAYLIST ★☆★    • How to Create a 💯 % Tax-Free Retireme...   ★☆★ Book Your Free Consultation! ★☆★ https://celestialwm.com/free-consulta... [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 ➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️ Subscribe to the Channel Here: ★☆★    / @seetheforestthroughthetrees   ★☆★ ★☆★ Subscribe to the Blog Here ★☆★ https://seetheforestthroughthetrees.com Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com TAGS- see the forest through the trees,financial planning for business owners,certified financial planner,celestial wealth management,Savings Account,High Yield Savings Account,Passive Income,Earn Passive Income,Passive Income Ideas,FDIC,FDIC Insurance,Online Bank,Bank,2023 passive income,Cash Flow,Federal Deposit Insurance Corporation,What Is A High-Yield Savings Account?,Best Savings Account 2023,Digital Banks,Personal Finance,Pros of High Yield Savings Account,How to Create a Tax Free Retirement Account, A Dynamic Retirement Plan: #3 Creating Tax-Free Income, Taxes in Retirement: Planning for Tax Costs, Create A Tax-Free Retirement Income, This is one of the best ways to create tax-free retirement income,Are you getting CHEATED by your bank?!, You Need a High Yield Savings Account, The benefits of switching to a high-yield savings account, Best High-Yield Savings Accounts 2023, Best Savings Account in 2022 (Best HIGHEST Yield Savings Account), Best High Yield Savings Accounts in Summer 2022, Best High Yield Interest Savings Accounts January 2023, BEST High Yield Savings Accounts (UPDATE: 2023), Top 5 High-Yield Savings Accounts for 2023, Best High Yield Savings Accounts 2023, My 5 BEST Savings Accounts | RECESSION PROOF, The 5 Best Savings Account To Hold Your Money, Earn More Money From Your Cash With These 3 High Yield Savings Accounts, High Yield Savings Accounts for Beginners - HYSA in 2022 - Pros &Cons - Learn how to Open an Account, High-Yield Savings Accounts | Easiest Passive Income Stream for Beginners, 7 BEST High Yield Savings Accounts of 2023 (Highest APY), 𝐓𝐡𝐞 𝟔 𝐁𝐞𝐬𝐭 𝐇𝐢𝐠𝐡 𝐘𝐢𝐞𝐥𝐝 𝐂𝐡𝐞𝐜𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝟐𝟎𝟐𝟑, 𝐓𝐡𝐞 𝟓 𝐁𝐞𝐬𝐭 𝐇𝐢𝐠𝐡 𝐘𝐢𝐞𝐥𝐝 𝐂𝐡𝐞𝐜𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝟐𝟎𝟐𝟑, Pros and Cons of High Yield Savings Account (you should know)