Do You Have High-Yield Savings Accounts?

[Kane]

I do not have high-yield saving accounts, however, my spouse has multiple high yield saving accounts. In fact, her entire savings are in high yield saving accounts. The average annual rate of return on these high yield saving accounts is around 11 percent. Keeping your savings in high-yield accounts to earn interest without taking significant risks is a very popular saving strategy in my home country.
Do you have savings in high yield saving accounts?

 

[deucher]

I have a lot of investments, but they do not exceed 15 percent of my total balance, because with high profits there is also a high probability of loss, so if I lose all assets, it will not affect me very much and my capital in general.

 

[Kane]

Well, I was not talking about investment, I was talking about savings. There is a difference between investment and savings. Even though you might earn interest in savings, it is different from an investment that earns you return on your investment.