In today’s newsletter, we dive into the world of personal finance. With higher interest rates in recent times, are you making your money work for you by taking advantage of high yield savings accounts? And how do you compare to your peers when it comes to your emergency fund? Finally, we take a look at how income tax differs by state.
Top High Yield Savings Accounts
As of June 2024, here are some of the top high yield savings account rates in the US. Leaving your money in a regular current account can actually erode its value due to inflation. Putting your money in a high yield savings account can help to prevent this by allowing you to earn interest at a rate that is higher than current inflation. (This is not financial advice).