Multi-Year Guaranteed Annuity (MYGA) vs. High Yield Savings Account (HYSA): Where Should You Put Your Cash Today?
Do you want to earn 4% or more on your savings? If so, skip the traditional checking or savings account and try a higher-income option, like a high-yield savings account (HYSA) or a multi-year guaranteed annuity (MYGA). These two types of accounts are very different, but one or both could be what you are looking…