No Penalty CD vs High-Yield Savings Account: The BEST Return On Your Cash

No Penalty CD vs High-Yield Savings Account: The BEST Return On Your Cash | NerdWallet

Рет қаралды 48,541

NerdWallet

Күн бұрын

Пікірлер: 54

@teams3345 9 ай бұрын

I do both. It works for me.

@nerdwallet 9 ай бұрын

Great job! 🤓

@pbinsb3437 3 ай бұрын

You can also buy a 1 month CD

@seyryborjas505 Жыл бұрын

Can I keep depositing money at a high yield account or is it only a one deposit until that term is over?

@garrettanderson9497 Жыл бұрын

In a high yield savings account you can keep putting in money. I worked a job this summer and had it hooked up to direct deposit. Now each month I’m earning interest on my paychecks from a few months ago.

@clbdyc 6 ай бұрын

I was going to say this is an advantage over the CD. Unless you have a large amount to put in the CD it's hardly worth it. But say you have $1000 to put in the savings and can add a $100 a month.

@quintessembo 2 ай бұрын

High yield is basically a savings account that you can withdraw a couple times month from and deposit an infinite amount. And it just gains interest!

@EOimages 11 ай бұрын

Can you keep depositing on a non penalty cd?

@johnwoodham3263 11 ай бұрын

No, but you can just open a 2nd one, 3rd one, etc.

@rajas1432 4 ай бұрын

Nice explanation.

@prolific9411 3 ай бұрын

Great video 👍🏼

@jorgegarza323 3 ай бұрын

She should have just assumed that people were going to use the non-penalty CD to shorten the video. Or the other and explain what a non-penalty CD is. Anyways, I don’t think she explained how a High Yield Savings Acc is earning money slower. Did she? Both earn compounding interest. Not sure how the HYs is slower.

@ValentineMarcia-i5v 2 ай бұрын

Marcelle Lodge

@webber7217 Жыл бұрын

i have 200,000 live in nevada where do i keep it

@user-lv4ok9vo5o 9 ай бұрын

If you’re younger than 50, invest at least $50,000 aggressively in stocks. Diversify $100,000 into less aggressive investments. Deposit $50,000 into a HYSA to pay your bills. Buy a starter home with a very low mortgage and 15 year fixed APR. Match your employer’s 401K contribution. Contribute maximum to Roth IRA every year. Open HSA. Pay for your used $14,000 vehicle in cash. A trusted tax advisor is your friend! Never get married and certainly never breed!

@j_pedraz 7 ай бұрын

@@user-lv4ok9vo5ois this the key to life 😂

@supremeclientele3344 6 ай бұрын

@@user-lv4ok9vo5o lol never get married never breed, this is definitely the blue print if you don't care about family

@robintorris9151 5 ай бұрын

@@user-lv4ok9vo5o LMAO dont breed got me laughing

@EarlHynes-c6n 2 ай бұрын

Rowland Squares

@EdisonStacey-q3z 3 ай бұрын

Deckow Forge

@ShirleyJackson-i8d 3 ай бұрын

Morar Road

@AddisonAlice-x1q 2 ай бұрын

Bins Courts

@RooseveltMilian-r1q 3 ай бұрын

Raymond Expressway

@MikeGodfery-b3i 2 ай бұрын

Tremaine Lock

@RooseveltThreatt-w7p 2 ай бұрын

Alexandra Well

@CumberlandRaymond-s8x 3 ай бұрын

Hoeger Orchard

@BillieChanley-d6k 3 ай бұрын

Hintz Avenue

@ClaudetteSanchez-j1l 2 ай бұрын

Botsford Lane

@LonnieThomas-v4s 3 ай бұрын

Kohler Isle

@AnnabelleMiyamoto-v6y 3 ай бұрын

Stroman Wells

@MosesDolores-t3z 3 ай бұрын

Elmira Motorway

@MarivelRoberie-j6d 3 ай бұрын

Efrain Expressway

@LisaOrtega-o5z 3 ай бұрын

Llewellyn Brook

@ReadeAntonio-x6y 2 ай бұрын

Alfredo Parks

@AlanEnns-y8p 3 ай бұрын

Giuseppe Corner

@EisenhowerSaxon-q8x 3 ай бұрын

Jacobs Mount

@JewelDenn-v8i 3 ай бұрын

Cronin Camp

@ClarkePag-w6i 2 ай бұрын

Stark Estate

@GladstoneRoderick-s8y 2 ай бұрын

Hanna Key

@ronaldclifford2925 2 ай бұрын

Blair Court

@JudeElland-p3d 3 ай бұрын

Gorczany Highway

@DeepIntoSky 11 ай бұрын

Very helpful and informative video. However, I would gently suggest that you slow down your speaking rate so that people that are not as familiar with all this terminology can absorb it more easily. Thank you for your information otherwise!

@SageMichaelWright 11 ай бұрын

You can also use the settings to slow the video playback speed to 75%. I did this because I was multitasking and listening casually.

@pdcdesign9632 4 ай бұрын

Is this lady a robot? She sure sounds like one.

@LandonAlbert-j4q 2 ай бұрын

Rosenbaum Dam

@Odette-l9v 9 ай бұрын

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.