With the extreme volatility of the stock market in 2020, It’s now more important than ever to make sure you have a nice emergency fund established & choose the absolute best savings account for 2020.
As I continue to plan & prepare for the day when I quit my job, & escape the rat race to travel the world, having the absolute best savings account to help me save money & one that is working for me is crucial to my plan.
What exactly is a High Yield Savings Account?
High Yield Savings Account is used to help you save money for an emergency, or a future life event such as quitting your job to travel the world, a down payment on a house or a car. High Yield Savings Accounts offer much higher interest rates than your typical brick & mortar banks. If you’re serious about earning and saving money, a High Yield Savings Account is a must.
My Pick for Best High Yield Savings account in 2020…….
The CapitalOne 360 Performance savings account is absolutely the best savings account in 2020!. Let me tell you why I transferred my emergency fund to CapitalOne in late April 2020.
- I will earn a $500 bonus just by transferring my money to their savings account! WOW!
- They are offering a 1.50% interest rate, which is more than 5X the national average.
- I can sleep at night knowing my hard-earned money is secure with FDIC Insurance
- No monthly fees
- Easy to use Mobile App & website that makes transferring money simple
- No minimum to open your account
Although Capital One may not offer the highest APY right now, their bonus offer more than makes up for it. Let me walk you through their current bonus offer. Please keep in mind this bonus offer is for a limited time only, and have certain requirements that have to be met. If you do sign up for it, make sure you use the promo code SCORE500.
You could earn a $100 cash bonus for every $10,000 you deposit in your new account & maintain (up to the $500 limit)
Ready to open an account and earn a nice cash bonus with an interest rate 5X higher than the national average? Then Click Here (Don’t worry I don’t make any money when you click or open an account) I just want to help.
So why is the Capital One 360 Savings Account the Absolute Best Savings Account in 2020?
Although you may find an online bank with a higher APY, the current sign-up bonus the CapitalOne 360 Performance savings account is offering is too good to pass, so it’s by far my pick for the best savings account you can open in 2020!
Do you have a High Yield Savings Account? If so, which bank do you use?