Viewing a single comment thread. View all comments

RodeoBob t1_jd42c5g wrote

High yield savings accounts tend to have more restrictions than regular savings accounts.

They often require a higher minimum balance, and allow fewer transactions per month. Going below the minimum balance may trigger a monthly fee, a lower rate, or both.

Savings accounts of any kind are a good option for mostly liquid savings that can be fairly quickly accessed. If you have a large amount of cash that you won't need right away, there are better investment options.

3

mkhrrs89 OP t1_jd488vx wrote

interesting. Idk if what I have is considered "large" right now, but what would those better investment options be?

The only other things I have looked into are ETFs as pretty stable options and REITs that can pay out bigger dividends

1