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Is your savings account actually saving you money? 💸 High-yield savings account vs regular savings, with inflation and the S&P 500 explained in 40 seconds. Here's the math on the same $1,000 in two accounts. A regular savings account pays about 0.4% APY, roughly $4 a year. A high-yield savings account pays around 4%, roughly $40 a year. With inflation near 3.7%, regular savings loses about 3.3% of its buying power every year, so your money quietly buys less. A high-yield account roughly keeps p
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Is your savings account actually saving you money? 💸 High-yield savings account vs regular savings, with inflation and the S&P 500 explained in 40 seconds. Here's the math on the same $1,000 in two accounts. A regular savings account pays about 0.4% APY, roughly $4 a year. A high-yield savings account pays around 4%, roughly $40 a year. With inflation near 3.7%, regular savings loses about 3.3% of its buying power every year, so your money quietly buys less. A high-yield account roughly keeps p
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