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Infographic: The Beginner’s Guide to High Yield Savings Accounts (HYSA)

If you’re starting to take control of your finances, one of the first questions you may have is: Where should I keep my savings?

High-yield savings accounts have become increasingly popular, but there’s more to choosing one than simply finding the highest advertised rate.

Here, I break down what HYSAs are, how APY works, what FDIC insurance means, and some of the common mistakes people make when managing their cash.

No complicated jargon, just the basics you need to make more informed money decisions.

HYSA Infographic - High Yield Savings Account

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Rishi Vamdatt

Passed the CFP® Exam at Age 16 (Youngest Ever) | NYU Certificate in Financial Planning | NJ Joint Legislative Resolution | 3× Plutus Award Winner | Published Author of 5 Books

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