Quick Money Tip #27 Money Market Account vs High Yield Savings Account (HYSA): Which is Best? Artwork

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Quick Money Tip #27 Money Market Account vs High Yield Savings Account (HYSA): Which is Best?

June 15, 2023 • Chloe Daniels • Episode 78

What's the difference between an HYSA and a money market account, and how do you choose which one to use?

A high-yield savings account (HYSA) and a money market account are popular options for folks looking to earn interest on their savings. Both accounts offer competitive interest rates and are considered relatively safe places to store your cash with that FDIC insurance.

HYSA and Money Market Accounts typically offer a higher interest rate than a traditional savings account, allowing you to maximize your earnings. But how do you pick between the two?

Let's break it down in this week's episode!

Related Episodes
Ep. 28 Quick Money Episode #2: Why Don't You Have a High Yield Savings Account Yet?

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