What's the difference between a HYSA and a CD? 🤔 While they're both great ways to earn a guaranteed interest rate on your savings, they differ in a couple ways. The most important one: high yield savings accounts are liquid. 💧 With CDs, you have to park your money for a set amount of time, and you pay a penalty if you try to access it before it matures. HYSAs work like regular bank accounts, so you can access your money anytime you need it. 💰 #HYSA #savemoney #moneytips | Jean Chatzky

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Don’t want your 18-year-old living paycheck to paycheck at 35? Start with these 3 money moves 💵 1. Help them get a part-time job and connect a budgeting app to their checking account—this builds awareness and discipline early. 2. Open a High Yield Savings Account and teach them to save at least 10% of every paycheck. Here are a few good HYSA options right now: – Laurel Road – Valley Direct – Bask Bank 3. Start a Roth IRA for them (yes, even teens with earned income can have one!) If they consis