Savings earn little, but what about those high-yielding savings accounts?
The main advantage is of course a higher interest rate, therefore an account that grows faster.
They also offer great ease in withdrawing your money without penalty. Finally, they are generally
protected, your money is safe…up to a certain amount.
But, they often require a minimum balance to be able to open it or benefit from a higher interest
rate, which is not easy if your budget is limited. In addition, these interest rates may change
depending on market conditions, which may impact the return on your savings. Finally, they may
be limited in the number of free withdrawals, which can make it difficult to access your money.
But in a sense, wasn’t that also what you wanted?
Of course, before committing, compare the offers, the conditions, and see if it corresponds to
your financial objectives.
In short, with a high-yield savings account, you will earn more, but will also be more limited. Up to
you !
