Hopefully you are not keeping your savings in a regular checking or savings account earning 0.01% interest. If you are looking to park some short term and long term savings into a high yield savings account, I highly recommend Wealthfront. They offer 4% interest on your account balance each month. This definitely helps keep your money from being devalued from inflation. And whenever you need to use your money, you can transfer it to your checking account instantly.
I have easily earned $700+ per month just from having this account alone. I keep my emergency fund in there, along with other long term savings such as purchasing another rental property. I also like that you can have multiple savings divided within this account. For example: you can allot $10k listed under “House” and then $5k listed under “Vacations”. This helps keep things organized.
I have a referral link below that offers you an extra 0.5% interest in your first 3 months of being an account member:
