The financially wise person will usually tell you to keep those funds liquid in preparation for a rainy day (car breaks down, AC goes out, etc). Meaning, don't lock them away in investments where you can't easily access them or where they could lose money.
The only problem with this is that parking these funds in your checking or savings account usually yields very little interest. In fact, the currently advertised interest rate on my bank's savings account is 0.01%. Ha!
I realize this rate will fluctuate depending on interest rates and market conditions, but it leaves those of us with emergency funds looking around for better options.
Enter HYSAs. Heard of them? The acronym stands for High Yield Savings Accounts.
I'm...