Let your sitting money make you more money!

Let me tell you a story. My friend and I each had $10,000 in our saving account on January 1st. One year later: She has $10,430 while I have only $10,001.

What did she do right? How does she have $429 more than me?

Well, I was using my basic savings account to hold my $10,000, and she was keeping her money in a high yield savings account.

The 4.30 interest rate netted her a profit of $430. Plus, her account has no fees and no minimum!

While holding money is not a good way to make money, at least let it work for you a little. Investing and other passive income streams will make you more money. But if you have money sitting, even just a little, you may as well be making the most of it.

So open a high yield savings account here and let your money work for you!