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Is a High Yield Savings Account the end all, be all… not quite
You have a HYSA (High Yield Savings Account) and you’re earning a few hundred dollars of interest each month - this means you’re all set and can continue going on about your life, right? Not quite. Though, I didn’t have to tell you that. The HYSA is better than nothing, but it’s not the most efficient vehicle to grow your wealth in the long run.