Chapter 03 — Money & Finance
Are high-yield savings accounts worth it?
Yes. Online HYSAs pay 10–20× what a traditional bank pays on the same dollar with no lock-up. Move your emergency fund there and leave a month of expenses in checking.
Follow-up questions
Are they safe?
FDIC-insured up to $250,000 per depositor per bank, same as any bank.
HYSA vs money market fund?
MMFs often pay slightly more but aren't FDIC-insured; you get SIPC protection instead. For emergency cash, HYSA is simpler.
Best HYSAs today?
Ally, Marcus, Wealthfront, and SoFi consistently rank near the top. Check current APY — they change monthly.
Should I lock money in a CD instead?
Only if you truly don't need it and rates are falling — otherwise HYSA flexibility wins.
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