Your emergency fund could earn 8 times as much interest in a high-yield savings account

This story is part of CNBC Make It's One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money.

A high-yield savings account with an online bank can offer much more. It can be a good place to store your emergency savings and let it earn some interest without any investment risk. These accounts also offer more liquidity than investing through a brokerage account, which makes it easier to get your money out if you need it in an emergency., while high-yield accounts currently earn around 0.5% APY.Let's compare. Say you have a balance of $5,000. With a 0.

There are a variety of different accounts out there with various terms and interest rates, so make sure you shop around and look for the account that will best suit you.

MakeIt 🤣🤣🤣High Yield Savings!

MakeIt 1.00% APY checking account offered by M1_Finance with their M1 Spend account… check it out:

MakeIt No wonder the banks are afraid of crypto. Gtfo with that trash....0.5% lol.

MakeIt 🔎Blockchain technology has long term DIRE CONSEQUENCES for individual liberty and freedom!🧐 blockchain cryptocurrency is TrojanMade horse

MakeIt No thanks - I’ll stick to 40,000% APY in my DAO

MakeIt I'm really grateful for all the efforts you have render to me with my little investment of R30,000 and with joy over me after withdrawing R80,000 with your help Hendricksnino77 thank you for everything you have done for me and my family Hendricksnino77

MakeIt 😂 or USDC at 10%

MakeIt i put it in DefiKingdoms instead

MakeIt bitcoin fixes this

MakeIt nice

MakeIt I know we all probably must have heard about Bitcoin but don't know how it works I tried it a week ago by a fellow tweeter who recommended me to MIKE_BUNT_ he guided me through and i made a return of $25,000 after a week of trading, connect with him 👉MIKE_BUNT_

MakeIt MakeIt NGMI!

MakeIt 8x0%=0%

MakeIt Is this a joke?! Seriously 0.5% APY🤣. Bitcoin does on average 200% APY per year the last 12 years. I mean that’s without letting your Bitcoin yield 15% plus on top off that🤣

MakeIt 0.5% 😂 😂

MakeIt Crypto not Fiat Don't trust banks

MakeIt My Defi USDC earns me over 5% on my emergency fund 10x over a high yield savings account, maybe do a piece on that with kevinolearytv circlepay SBF_FTX

MakeIt Try harder CNBC u ain't getting ma dollla hahahah

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MakeIt 거룩한 삶과 하나님을 향한 경외가 여러분을 하나님 나라에 들어가게 할 것입니다 TheRaptureDoor 휴거의_문

MakeIt better use

MakeIt Is this a joke?

MakeIt Lol really adds up...

MakeIt YOU GOT TO BE KIDDING WHAT A JOKE, ONLY ON CNBC A MICROSOFT CO.

MakeIt these rates are a joke compared to defi

MakeIt horrible

MakeIt I’m earning 8.25% on my cash at BlockFi and getting 1.5% cash back on all my Blockfi credit card purchases BlockFi makes it so easy to buy/sell crypto and get loans! Join BlockFi now to get a bonus when you fund your account!

MakeIt …and still lose to Biden-flation

MakeIt Banks are such a scam. They take my money, charge fees, give almost zero interest and keep the profit of investing it. Banks are fucked, fiat is fucked. Get vaccinated against fiat-21 with Bitcoin. Without Bitcoin you have an 89% percent chance of going broke.

MakeIt Hahahahaahahha no CNBC u don't advise me on how to spend my or invest my money sir. 🤤jimcramer advice took lots already. Not anymore 🤥

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