You Need an Online High-Yield Savings Account Today - No Inconvenience!

[@WillPeterson]

Of course I don't get into the broader concept of INVESTING in this video. If you really have large amounts of money that you want to save long term, it should be invested (mostly in stocks!). This video assumes you know that, and are deliberately keeping some money as risk-free cash. The message is that IN THAT CASE, you should be holding most of it in a high-yield savings account instead of checking accounts!

[@JakeBroe]

Welcome back Will! Good to see you again!

[@kenb2145]

Where have you gone? Would love to see more videos

[@jefferydoherty7368]

Agree. Welcome back and love your videos

[@Noelstackssilver26]

I just opened my Capital One HYSA. It takes up to 5 days to reflect on the accounts. Is that normal?

[@JoeSmoeDoeLow]

Did you solve this? I’m thinking of opening the same account

[@Noelstackssilver26]

It takes time for external transfers to go through since the banks work on certain batches a day. It’s normal. Almost all banks work this way. Definitely would double check how much you’re putting into the savings account while it processes. Don’t wanna get stuck on those delays if you need the money.

[@JoeSmoeDoeLow]

ok thanks!@@Noelstackssilver26

[@angelzarate7480]

Great at explaining things concisely, great vids!

[@Vertson]

I'm not used to seeing you outside of the "backdoor roth tutorial" time of year

[@adammontgomery7980]

I recommend starting a brokerage account. They can find the best rates with banks all over, and you don't have to hop banks every time you find one with a better rate. My bank offered 2.8%APY, the brokerage firm found one for 5.4%; no contest

[@Scott-sm9nm]

$700 minus the taxes on that interest (1099-INT). Ally is a great one.

[@faheemsameer1598]

I am surprised because all Indians only use savings account because all the features are available in the savings account in India with the interest payout also. Interest is calculated based on average amount held

[@jfg617]

Totally agree, your videos are the best Will! 💯 Curious what your thoughts are on the new 5% rule for SEPP 72t? I have yet to hear anyone talk about it, but i feel like it could be a game changer for earlier retirees

[@WillPeterson]

Thanks for the comment, I'll have to look at that 5% rule I haven't heard about it! Maybe a new video in the works?!