Hey Reader!

This week's money lesson is all about the High Yield Savings Account or HYSA for short.

A high yield savings account is a savings account that offers higher yields for your hard-earned money. Traditional and regular savings accounts normally offer .01% while high yield savings accounts offer 3.5% - 5% in interest.

Here's what that looks like if you have $1,000 in your bank.

Is it worth moving your money to a high yield savings account? I say yes because the bigger the balance, the more you benefit from the higher APY. It's not too late to move your money and have it earn more money.

Watch this week's video to learn:

• More about high yield savings accounts
• How the interest earned gets taxed
• What you need to look for when it comes to a new account
• Why HYSA's may not have high APYs for much longer (hint: The Fed)

There are so many options when it comes to finding a good HYSA, but DO NOT get paralyzed with indecision. Find one that works for you: no minimum balances, no fees, FIDC insured, and read the terms and conditions.

I've personally used CapitalOne and Ally. Ally has a $100 Welcome Bonus if you are a new customer and complete all of the requirements. Learn more here and read the T&Cs.

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My new book for new graduates, Smart Start, will be out July 21, 2025. It's available for pre-order on Amazon.

Welcome to Smart Start, your financial BFF for adulting in the real world. Whether you’re a recent grad, first-gen college student, or a young woman navigating money for the first time, this interactive guide will help you go from confused to confident about your finances.

Written by Catherine Agopcan (that's me!), founder of Sisters For Financial Independence, Smart Start is a judgment-free, money book that blends storytelling, financial education, and reflective exercises designed especially for young women.

Inside, you’ll learn how to:

• Set up your 5 foundational money accounts (including HYSA and Roth IRA)
• Understand credit, debt, and how to beat student loans like a boss
• Develop a strong savings mindset and create a real money system
• Build your credit without drowning in it
• Budget for your future (and the life you actually want)
• Protect your paycheck with insurance and retirement benefits
• Avoid lifestyle creep and comparison traps in the age of TikTok
• Reflect on your money story and rewrite your financial future

Reply to this email with any questions or other money topics you'd like me to cover.

X Catherine