These 3 important lessons about high yield savings accounts are ones you need to know so you can benefit financially and avoid potential mistakes.
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@habeshafinance
✅ WATCH NEXT: What You Should Know About Health Savings Accounts (HSA) Before You Open One https://youtu.be/8e2H8DOjaiQ
@LucyD-d8w
Question should I put my direct deposit on my savings ?
@JessicaBrowning-h6v
link to the nerdwallet document?
@DThornDigital
Thanks for the info
@fjc824
Good stuff – THX!
@sidewaysrain7609
This is not accurate you do not have to file a 1099 for any One source annual income under $600…(599.99)
@angeldareal7217
So cash app really has a HYSA??
@csbjuice
This is a great video, everything clearly and briefly explained. Thank you! Sharing with others.🧡
@marianojrivera8101
I mean, you should probably not be using HYSA interest as passive income unless you know how to leave some aside. Big rule, don't use the interest until after December. Keeps you ready for tax season and once taxes are done you now have that money to re-invest
@Blade2u
Look at all these math experts. Even if taxed, you are still making more money than having in a traditional bank
@Igcash
Taxing is not apart of life!
@BoAlexander-u9q
Solid info!
@dutch6649
Dude, you're awesome! This is the stuff people need to know. I watched so many videos on this and almost no one mentioned this. Thank you!
@richardbrown9428
This is how I look at it.Even if you have to pay taxes on the interest earned…its still way better than the 0.01 % interest some banks are paying on a traditional savings account.
@maggotpukex
So if i put 100k in one of these 3% rates will i really get 3000 a month or a year?
@flowerbd
Taxes are the reason I don’t put more than $20 on HYSA a month 😭
@TikiFruit
If I open one as a 12 year old will i have to pay taxes?
@BrianaCruz14
How do I know how much to put aside for taxes?
@scorpioguy-k6t2e
Before opening a HYSA, know this: rates can change, some accounts have transfer limits, and apps vary in ease of use. ✅ Still, they’re FDIC-insured and super safe. Banks like Ally, CIT Bank, Synchrony, and SoFi often offer strong rates, and BankTruth helps you compare the best of them.
@SimpleChris0
Typical america, making sure they get their cut of any and all our money
@blazenblessedbrown7060
Thanks for sharing thorough information regarding taxes on HYSA accounts. I have listened to several HYSA YTs and unfortunately there's is no mention about HYSA Taxed. I'm glad this showed up in my YT feed.
I'm now a new subscriber 🔔!
@oxSarahxo1235
Don't be scared. Most of us will not have enough money to really freak out on it
@devpatel9856
Awesome Video: Short & Sweet w/ solid advice. You just earned another subscriber
@BarryWeaver-pv6cz
same with CD's or market shares….You will pay income taxes!!
@777dragonborn
IRS is destroying us .
@0hopscotch0
Im too poor to be taxed