What’s your interest? We get a lot of questions about Money Market versus High Yield Savings Accounts (HYSA). For instance, my basic bank savings account is currently paying a whopping 0.25% (yes, that was sarcasm)! However, you can find both Money Market and HYSA options paying over 4% in the market today. Neither choice is wrong, and we are happy to discuss the differences with you. Here’s the bottom line: if you have excess cash “sitting around” find out what interest you are earning. Make sure you research your options and take advantage of potentially much higher interest rates than you may currently be earning in your standard bank savings account!
Investments are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Funds are subject to investment risks, including possible loss of principal investment. Past performance does not guarantee future results. Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth. CalmWater Financial Network®, 3204 W Benjamin Ave, Suite 200, Norfolk, NE 6870, (402) 371-5511.