Business

Opening a high-yield savings account with AmEx was easy, and I've already earned $74 in interest in the first month

1 month ago   |   By

PixelsEffect/Getty Images
After selling our first home, my husband and I had cash from the sale that we hoped to put into the mortgage on our new home.
But when the COVID-19 pandemic struck, we realized we should keep more cash on hand so we decided to open a high-yield savings account.
We chose an AmEx savings account because we were familiar with the brand and liked its high interest rate and zero fees. In our first month with the account, we've earned $74.
See Business Insider's picks for the best high-yield savings account »
When we were getting ready to sell our first home , my...
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6 easy steps to save money in 60 minutes

6 easy steps to save money in 60 minutes

1 month ago   |   By

Kelvin Murray/Getty Images
If you're new to saving money or just need to break old habits, I have a six-step strategy for automating your savings that's sure to work for anyone.
The first step is to understand how much money you have coming in and going out. Look at your take-home pay, then examine your last three months of bank and credit card statements and figure out your fixed expenses.
From there, decide on an amount you can realistically save and set up automatic transfers from your checking to your savings account.
See Business Insider's picks for the best high-yield savings account...
Read more ...

 


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