Connect with us

10 Reasons Why You Should Open a High Yield Savings account

PERSONAL FINANCE

10 Reasons Why You Should Open a High Yield Savings account

To earn more, to get out debt, it can help you to plan for future, let your money work for you, it serve as investment, it reduces pressure on your earnings and many more

Why You Should Open a High Interest Savings Account now.

when you save, save with financial institutions that will give you high interest.
Must of our bank pay little or nothing as interest, so saving with them is not advisable because their will be no good interest for you.

But there is a way out if you must save and enjoy high interest. What to do to enjoy high interest, is to pick insurance policy with any insurance company. You will enjoy 50% – 100% interest depending on the duration of the policy you have with them

To enjoy high interest saving, you can also join piggyvest
Piggyvest is online saving and investment company, which is managed by uba. They pay 15%-20% as an interest when you save with with them.
You can as well save some cash when you buy airtime, data, subscribe to your TV channels and pay bill using rechargeandgetpaid platform.

why you should open high interest savings
These are why you should open high interest savings account.
Before jumping to the list you as well consider reading, 18 Steps to make your way to financial freedom.

  1. The interest will be used to cater for your needs, while your main money is intact.
  2. It can be used as investment, since it gives you enough interest
  3. It is better than leaving your money in bank where you get little or no interest.
  4. It will help you to plan financially for future proget
  5. It a way of your money working for you
  6. It will help you to achieve more with your savings

7.High interest savings encourages you to save More.

  1. You can borrow from law interest, and save with high interest.
  2. It will make you to achieve your financial freedom in low
    distance time.
  3. It reduced pressure on your earnings

There money other benefits of high interest savings
account, but I think these ten would be enough for you.

Where can I open high interest savings account

I can suggest only two

  1. Get insurance policy
    There are many insurance company in the country, you can search for them and open a policy with any of them. But before then know their term and conditions.
    Some bank also run insurance policy and they are also good to have a policy with them for savings.
  2. Sign up with piggyvest, confirm you email, upload you BVN, , start saving with them, and enjoy their high interest rate.

Links:
How to manage money successfully as a couple

10 ways to become a self-made millionaire

Side Hustles You Can do to Make Extra Money

10 Real ways to make money from home

How to make money online for beginners

How to make N400, 000 with recharge and get monthly (RAGP)

Make money online in over 30 sites

20 Small scale business you can do to make cool money

2 Comments

2 Comments

  1. Pingback: How to Make Money from Facebook in 14 Smart Ways. Learn it. - THECUBICS

Please leave comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in PERSONAL FINANCE

To Top
show buttons
Hide Buttons
%d bloggers like this: