@c_buildingquietwealth: Instead of putting your paycheck in your checking account, do THIS instead! A high-yield savings account or HYSA is like a checking account on ster^%ds. Instead of losing money to inflation, you’ll be making money. I personally use SoFi, but some people also use their brokerage account’s money management cash account as their HYSA. I personally don’t do this because money market accounts like SPAXX (Fidelity) or VMFXX (Vanguard) charge expense ratios on money sitting in those accounts. But you do whatever is best for you! No matter which place you choose, make sure your paycheck isn’t just going into your checking account where it’s losing you money! #PersonalFinance #financialliteracy #TikTokLearningCampaign #LearnOnTikTok

Charlie- Building Quiet Wealth
Charlie- Building Quiet Wealth
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Saturday 24 January 2026 21:58:46 GMT
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user3996530635202
310 :
I LOVE SoFi !!!!!
2026-01-25 15:25:59
3
alejandraflor98
Alejandra :
May I ask how you are getting 4% with Sofi on your Hysa? I have been using them 3 years and it used to be over 4 but they’ve dropped down over the years and as of today I only make 3.30% on my hysa account.
2026-01-28 02:32:10
6
daaaabears7
daaaabears7 :
SGOV has a higher yield and there’s little to no state and local taxes
2026-01-26 03:54:53
8
bellarosa4507
bellarosa :
When the bank like Sofi and Amex are not brick and mortar I get a little leary putting all my cash in. I transfer from main bank to different hys and brokerage accounts
2026-01-25 23:23:38
4
wildmoonchildjen
wildmoonchild :
There’s a limit to how much you can withdraw from a savings account
2026-01-28 20:27:06
5
johnj789156
johnj789156 :
The challenge is there are restrictions on most savings accounts that limit transfers out per month. That’s why this strategy may not work for most people who operate from their checking account
2026-01-28 12:51:03
7
rootdevelopmentllc
Root Development LLC :
Is there a good rate high yield savings for businesses money?
2026-03-17 11:46:58
2
reallifewithgrace
RealLifewithGrace :
Do I have to pay taxes on that?
2026-01-27 04:30:29
4
vuitr123
Heywhoa123 :
How are u getting 4%? I’m getting 3.3%
2026-03-02 02:15:40
2
sassystacey37
Stacey_Sunshine ☀️ :
Is there a restriction on how many withdrawals a month you can do on the account that you use?
2026-01-24 23:28:34
6
milanpickett52
milanpickett :
They shared helpful information with me..
2026-01-25 04:20:19
4
scarface._3
scarface._3 :
im trying out Sgov? anyone have any info on this?
2026-01-25 01:51:19
5
moneymapnav
Money Map Navigator™ :
Love it👌
2026-02-26 02:58:30
1
calmdownu6
calmdownU :
But can you write checks from it?
2026-01-26 04:56:33
3
linzlovespink
linzlovespink :
How do you use it for monthly expenses?
2026-01-25 05:34:33
3
velcronoise
velcronoise :
You talk a little bit about how often and where you do research to get the best rates?
2026-03-07 14:27:00
1
cinschrayahoocom
[email protected] :
most of our paycheck go for bills so it would not leave much left in the hysa. what do you suggest?
2026-01-26 11:44:14
2
haleighcourtney
🌈Haleigh🩷 :
yes!! im starting my investing journey so thank you!
2026-01-25 01:41:37
4
thefinanciallawyer
Ashlie | The Financial Lawyer :
Gotta love a HYSA! 👏🏾
2026-01-27 03:41:09
2
j_pru
Jess Pru :
Do you have a cap amount you tend to keep in HYSA?
2026-02-20 02:42:21
2
miradhyana
Mira Mira 🪷🎡🫶 :
Ooh! I love this idea. I don’t really use checks anymore, so… 💸💸💸
2026-01-24 23:04:54
3
steph.boucher0
Steph Boucher :
Do you use SoFi for checking as well?
2026-01-26 23:55:09
4
zmrl33
ZZZ :
🥰🥰🥰
2026-04-06 20:00:31
1
bmwoftiktok
BMWofTikTok :
👏👏👏👏
2026-01-25 23:54:01
1
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