6. Who Should Open a High-Yield Savings Account?
A HYSA isn’t just for “money nerds.” It’s useful for almost everyone. Here’s who benefits the most:
Young professionals who want to build their first emergency fund.
Families saving for big expenses like a vacation, home repair, or college tuition.
Retirees who want to keep some cash safe but growing without locking it up in CDs.
Side hustlers or freelancers who need a place to stash tax money or irregular income.
If you have money sitting in a checking or savings account earning less than 0.50% APY, you’re leaving free money on the table.
