---
title: You NEED to Open a High Yield Savings Account TODAY | Peak Financial Planning
description: You’re losing time and money if you have cash sitting in traditional checking or savings accounts. You NEED to open a High Yield Savings Account TODAY.
---

<https://www.thepeakfp.com/blog>

# [You NEED to Open a High Yield Savings Account TODAY | Peak Financial Planning](https://www.thepeakfp.com/blog/you-need-to-open-a-high-yield-savings-account-today)

 Written by [Peak Financial Planning Migration](https://www.thepeakfp.com/blog/author/peak-financial-planning-migration) | May 30, 2024 9:01:28 PM

If you have cash sitting in a regular old checking or savings account from one of the big banks like Wells Fargo, Chase, Citi, or BOFA - you're losing money.

High Yield Savings Accounts are paying out 22-30 times more interest income than the big banking players.

This week's video discusses high yield savings accounts:

- What to consider

- Which banks to use

- BONUS: How to open a business High Yield Savings Account

[View full post](https://www.thepeakfp.com/blog/you-need-to-open-a-high-yield-savings-account-today)

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