High Yield Savings Account vs. Money Market Mutual Fund

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Information High Yield Savings Account vs. Money Market Mutual Fund

Title	:	High Yield Savings Account vs. Money Market Mutual Fund
Lasting	:	8.36
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Views	:	96 rb

What about cash management or "cash account"s like vanguard and wealth front have? brbrAlso, Is it just me? Or is all this terminology really fuzzy and are all of these products overlapping and converging in terms of features??
Comment from : @logicalparadox2897

Very informative! Thank you
Comment from : @richardpalmieri842

Wealthfront is a really good High yields savings account im so glad i came upon it one day
Comment from : @cherrycoked3

Always happy to come across channels like this, for investors to maximize their compounding power, I recently sold off a good portion of my stock holdings totaling about $400k, with roughly half of them being tech stocks at their peak If inflation is a possibility, should I buy ETFs or hold out for a market correction in maybe NVDIA?
Comment from : @Beilever-d2q

Very helpful thanks!!
Comment from : @subswithnovideos-lo1fv

You can't parden before trials! Try again Lawyers are never to be trusted See how they lie
Comment from : @LifeIsRythm

I just opened a CITBank Platinum Money Market account to use thx
Comment from : @gemlenz

Thank you great break down
Comment from : @helennwafor2903

An important difference to me is money market mutual funds pay qualified dividends vs interest Can matter tax-wise when the balance gets up there
Comment from : @daralynx2

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
Comment from : @Mongarnsamuel

Ally is a good option but I don't like the liquidity factor that a money market offers Ally Caps $100,000 to transfer in outbound accounts and 600,000 inbound Ally is FDIC insured but if the money market is invested in something like spaxx that investment is insured In a way kind of equals out For me it comes down to The liquidity factor if it's my emergency fund and the customer service I personally switched over to Fidelity for this reason
Comment from : @R26Roman

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @lennoxmutterick6434

Good video thanks for the advise
Comment from : @andrewhack7698

I learned more from Rob Cop, than the Customer Svc Rep at my bank 🏦 🏧 😔 she informed me that she wasn't really educated towards the money mutual accounts, IRA accounts I'm saying to myself like, what 🤦 Why are you even working at a bank institution, if you not educated on how all the different accounts works for customers Smh
Comment from : @innocentlife2346

I am a Kenyan but would like to invest in money market mutual funds Is there a way I can do that?
Comment from : @hiramngure8125

Hi Can I move money from a Traditional IRA to a Money Market Account without paying taxes?
Comment from : @sherilyncortez1906

Sofi has 46 with direct deposit into a checking or saving account with them FDIC insured No balance requirement
Comment from : @grahamfinance

If depositing money into a MMA today, and the FED cut rates twice this year as expected, what can I expect? Thank you for this channel New subscriber
Comment from : @Roy-xe9is

Thank you so much for sharing the information
Comment from : @pcdihealth

STOP SAYING "UM"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Comment from : @johnlupo3919

STOP SAYING "SO"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Comment from : @johnlupo3919

Do you have to pay tax on a HYSA like you have to on a MMMF
Comment from : @Floyd_Steel

You didn’t address taxation of interest/dividends Money market mutual fund by fidelity ,SPAAX, calls its interest a dividend, but it is not qualified dividend… very misleading
Comment from : @uaeio

You forgot to mention taxes on these accounts they all different
Comment from : @johny3133

I always got confused with MM accts There are many types too So what's the difference between MM mutual funds vs MM IRA acct?
Comment from : @kimr9906

Capital one does not have a balance you have to keep in a high yield that pays 43 percent Not penalty for withdrawals
Comment from : @defendingthefaith7889

So my high yield savings account has 5 interest rate so monthly interest would be 41 every month, yes… brso with the money market mutual, which seven day run is 47 , is that 47 monthly, or is that over the year?
Comment from : @Toke-YT

I just moved a considerable amount of cash (at least I consider it considerable) from a standard savings account I was earning only 01 APY from into a Money Market Prime account with a 475 APY I'm gonna go from earning approximately $35 a year to earning about $2,400 a yearit's a no brainer! My only gripe is, I'm angry at myself for not doing this a few years backmissed out on a decent chunk of change Thanks for the video
Comment from : @TJDawgs72

There’s SIPC insurance for investment products
Comment from : @CherylLouise

I have been angsting over how to move my savings account from low interest rate bank for over a year now Is Zelle safe? Cash app? Or do I need to wire transfer, which is pretty expensive way to go IMO
Comment from : @moki888

Great content
Comment from : @dejiakinbode5715

have any recomedations for money market account?
Comment from : @WallStreetIceCream

You made way more sense to me than all the other people on YouTube using dumb unnecessary editing and graphics Thanks!
Comment from : @christianndasilva1843

Money accounts
Comment from : @dabig_guy2204

Thank you so much for this video! Is it better to open a high yield savings account or keep it uninvested in a brokerage account like Vanguard or Fidelity that also gives around 5 annual?
Comment from : @vikjhaveri109

Thank You for the information It was exactly what I was looking for
Comment from : @razeenshepard

Good video and thanks for the information Needed to watch it in 2x the speed 🤣
Comment from : @dapetik

one of the best ways to grow and save your money is through investing I'm currently earning huge, I'm up $175,000 in 5 months! I make high profits weekly on my investment Shout out to Mihaela Silvia Otil's Guide, her trading strategies are top notch
Comment from : @IsaakNikolay

What about factoring expense ratio of money market If its like 5 do you deduct it from 5 percent you're making?
Comment from : @Albumcorvus-xii

a money market mutual fund account has an exp ratio which will eat into the returns
Comment from : @MatthewDowhower

Thanks so much
Comment from : @20891

I just opened up a money market account with ticker SWVXX, when does it pay dividends? Is it quarterly? Thanks in advance
Comment from : @JShawnPaul

Thank you so much for this information, and you're 👉 right, most people are scared to open a new bank account I'm a former bank teller, I've seen it all
Comment from : @coffeegrindgossip

CIT bank requires a balance of $5000 or more to qualify for that nice 505 percent APY but if you go below it goes to 25
Comment from : @luisgarabito8805

Why not go with the CIT High Yield? It's 505 and FDIC insured The best from the money market mutual fund is 524 and is not FDIC insured Why risk 100 to gain the additional 19? Anyway, great content and video Rob!
Comment from : @michaeldavis3188

I'd still leave it in there even after they go back down because chances are they will still beat the 001 youd get at your regular bank
Comment from : @takeshii