When choosing between a no penalty CD (certificate of deposit) and highyield savings account you should be mindful of the different requirements, its accessibility, and most importantly your savings goals. To help explain what a CD and HYSA are, Banking Nerd Chanelle Bessette shares insight on each banking option so that you maximize your savings.

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Chapters:
0:00 Intro
0:33 High Yield Savings Account Overview
0:58 Certificate of Deposit (CD) Overview
1:30 Share Certificate Explained
1:45 Difference Between No Penalty CD and Regular CD
2:13 Pros and Cons of a HYSA and a CD
4:44 How To Open Either Account
5:08 Conclusion

#NerdWallet #CertificateOfDeposit #SavingsAccount

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No Penalty CD vs HighYield Savings Account: The BEST Return On Your Cash | NerdWallet
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