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Here's When Your High-Yield Savings Account Doesn't Make Sense
["Joel O'Leary"]
The Motley Fool
A high-yield savings account (HYSA) is one of the easiest wins in personal finance, and I keep my whole ~$20,000 emergency fund in one.
The interest you owe dwarfs the interest any savings account can pay you.
That same $6,000 in a 4.00% APY savings account earns about $20 a month.
But if I had one, I'd pull from my savings account to get out of that debt ASAP.
I used to keep my emergency fund in a low-rate savings account.