High-Yield Savings Accounts

The Easiest Passive Income

High-yield savings accounts offer one of the simplest forms of passive income. While traditional banks offer 0.01% interest, online banks often pay 4-5% or more on your deposits.

Benefits of High-Yield Savings

• FDIC insured: Your deposits are protected up to $250,000
• Liquid: Access your money anytime without penalties
• No risk: Unlike investments, your principal is guaranteed
• Passive: Interest compounds automatically

What to Look For

• Highest APY (Annual Percentage Yield)
• No monthly fees or minimum balance requirements
• Easy transfers to and from external accounts
• Strong mobile app and online banking features
• Good customer service reputation

How Much Can You Earn?

With a 5% APY:

• $10,000 savings = $500 per year ($42/month)
• $25,000 savings = $1,250 per year ($104/month)
• $50,000 savings = $2,500 per year ($208/month)
• $100,000 savings = $5,000 per year ($417/month)