Best HIGH YIELD Savings Accounts (EARN 6%)

Subscribe and ? to Eddie’s YouTube: https://www.youtube.com/channel/UCPokyXp3FhVSQeZJ0bC2CqA?sub_confirmation=1 Here's the best high interest savings accounts, if you have $500-$1000. I review Blue FCU (Blue Federal Credit Union), BECU (Boeing Employees' Credit Union), St. Mary's Bank, and DCU (Digital Credit Union). Blue FCU: https://www.bluefcu.com/ Blue Foundation: https://www.bluefcu.com/blue-foundation BECU: https://www.becu.org/everyday-banking/Savings NWCUF: https://nwcuf.org/friends-of-the-foundation/ St. Mary's Bank: https://www.stmarysbank.com/rates/consumer-deposit-rates DCU: https://www.dcu.org/bank/savings/primary-savings.html Reach Out for Schools: http://www.reachoutforschools.org/join/ Are credit unions FDIC insured? No, but they are covered by NCUA. Read more about it here: https://www.ncua.gov/support-services/share-insurance-fund The National Credit Union Insurance Fund (NCUSIF), which is backed by the U.S. Treasury, insures your funds. The National Credit Union Administration (NCUA), an agency of the U.S. government, administers NCUSIF coverage. Similar to FDIC's Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government. Also, avoid opening too many accounts at once. Why? Because of Chex. ChexSystems is national consumer credit reporting agency that is comprised of the majority of credit unions and banks. They share information through ChexSystems about saving & checking accounts (deposit accounts)...so if you open too many accounts, you’ll see marks on there, especially for credit unions. Read more about it here: https://www.chexsystems.com/ **Quick reminder that any of these mentioned banks could change their interest rates throughout the year. I recommend that you monitor these rates on their respective websites before you open new accounts. #SavingsAccounts #HighYieldSavings #HighInterestSavings DISCLOSURE: I am not a financial advisor. The ideas presented are personal opinions and for entertainment purposes only. You are responsible for the financial decisions that you make.