Why You Shouldn’t Save Your Money in This Bank
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Published 2024-06-10
Most people have a general understanding of what it means to save and invest. But there are a few small details that can make things feel more complicated at times. So today I’m sharing where not to keep your savings.
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All Comments (21)
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I also vote for no music. Way too hard to listen to this!
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I agree with the comments below, you need to stop the constant music track. It’s super annoying. Also you never said what bank to avoid, so that was a little misleading,
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Music is distracting!
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Dear Editor: Please turn the music in the background down, it is not accessible to those of us who have hearing impairments. Honestly, if you want to put music in the background try a really soft classical music and turn it down really low so it doesn't compete with her voice and message. I got the information (mostly) but it was super hard for me, and I am sure I missed parts.
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Please consider not using background music. It's too loud and is competing with what you are saying. Thank you.
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Wife and I are on steps 4, 5, 6... but have been stalled out, especially in the last year. Inflation, and a car accident which ate part of our EF, has effectively removed the margin month to month by which we used to build it, and then some! Even with cutbacks & side hustles added in, it's still all we can do to not tap into our EF just to tread water financially. Pretty frustrating.
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The music is so annoying sheesh
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Thank you for the reminder and a little push!!
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No the music isn't distracting, Rachel's voice comes through clearly. Great advice on the type of account to choose as well.
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I appreciate and respect you so much! Thanks for the down to earth, solid information ❤
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I really enjoyed this video, thank you!
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The music is killing me.
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Thanks for the info.
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My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. With Samantha Jack, my portolio is doing really great and im proud of the decisions i made last year.
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Good advice. I tell everyone I know to put their excess money in high-yield accounts instead of just parking it all in a low-interest checking account where it sits there losing value due to inflation. It's especially nice if the bank you have a checking acct with also has high-yield savings accts because transfers between accounts are typically instant.
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Love you and your dad and been following both your advices for a long time and my wife and I are better off financially for it! Now for advice from my end lol, you really need to look directly into the camera even if it takes longer to make your video. Keep up the great work and thank you for all you do to help us out!
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A lot of the national brick and mortar banks are even less than .25%!!
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American Express High Yield for 4.25% with no strings. Just sign up and go.
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I’m trying to hear what Rachel is saying but I can’t focus because of the music, ADHD brain 😅
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stumbled across this. have been considering a high yield savings acct and you break it down perfectly. you lay things out well and it's no fluff but what we do need....and ....'pleasantly presented' i guess is one way to put it. i sub'd. ( the bonus is, i was strongly leaning toward Ally bank : ) thank you
