High-yield savings accounts are the first step to start managing money - Business Insider

South Africa News News

High-yield savings accounts are the first step to start managing money - Business Insider
South Africa Latest News,South Africa Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

It's not unusual for my friends and family to ask me for help with their money: 'Where do I start?'

Since I got my first job at personal finance publication LearnVest years ago, I've been a bit of a personal finance nerd. Though I'm far from an expert, friends and family often come to me with this question:You could start by tracking your spending, setting up a budget, or opening an investment account for a goal you're saving for.

It's important to note that there are no guarantees when it comes to interest rates on high-yield savings accounts. When the Federal Reserve lowers interest rates, banks are likely to follow suit — but that doesn't meanOpening a high-yield savings account is a great first step for a few reasonsA lot of aspects of personal finance are intimidating.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

I have 2 high-yield savings accounts with Ally and I love them - Business InsiderI have 2 high-yield savings accounts with Ally and I love them - Business InsiderAlly Bank offers consistently above-average interest rates on its saving accounts, along with no minimum balance and no recurring fees.
Read more »

How an Ally high-yield savings account helped me pay $33,000 in debt - Business InsiderHow an Ally high-yield savings account helped me pay $33,000 in debt - Business InsiderWhen my husband and I decided to get serious about paying our $33,000 of debt, we started by making automatic transfers into our savings account.
Read more »

How a 32-year-old turned a high school yearbook idea into a $3.2 billion businessHow a 32-year-old turned a high school yearbook idea into a $3.2 billion businessIt's one thing to start a company. It's quite another to start one that competes with Microsoft and Adobe. But that's exactly what Australian entrepreneur Melanie Perkins did when she launched her online design start-up, Canva.
Read more »

Apple stock soars to a new high after company announces record holiday App Store sales | Markets InsiderApple stock soars to a new high after company announces record holiday App Store sales | Markets InsiderApple shares surged to a record high on Wednesday after the company revealed App Store customers spent $1.42 billion between Christmas Day and N...
Read more »

Amazon's latest health hire is a high-profile public health expert and 'lung doc'Amazon's latest health hire is a high-profile public health expert and 'lung doc'The company has started making key hires for Amazon Care, its virtual health clinic for Seattle-area employees, indicating it's looking to convert the group's pilot status into something more concrete. It's part of Amazon's larger push into the $3.5 trillion health care sector
Read more »

World stocks hit record high as techs lead relief rallyWorld stocks hit record high as techs lead relief rallyThe world's shares hit a record high on Friday as a relief over de-escalati...
Read more »



Render Time: 2025-04-04 01:50:03