11 Best Investments in 2022 Part 6_#shorts
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Today we are going to continue talking about the 11 Best Investments in 2022. As discussed previously it is important to understand why to invest. Investing can give you more than one type of income stream. Let’s go over a High Yield saving account or an HYSA. A High Yield savings account is a savings account that you open through a bank. High Yield saving account typically pays a higher interest rate on deposits than regular savings accounts.
These accounts are also known as high-interest savings accounts. High-yield savings can simplify the savings process and help you reach your goals in less time This is because you're making money via interest on the money that is just sitting in the account. Please keep in mind that the average interest rate for a saving account is less than 1 percent, to be exact, it's more like a 0.14% interest payout yearly.
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