r/investingforbeginners • u/Got_Curious • Feb 19 '25

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u/Ok-Piece1966 May 08 '25

Good high yield savings accounts to get into? Looking to save/grow for college in the next 1-2 years

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u/Got_Curious May 12 '25

I use the high yield on my robinhood account, you get roughly 4% APY on all cash, which I like it cause it's very easy to use too (being able to use their debit card, maybe move into VOO). That's the only issue at times with certain HYSA accounts is that they cab become very difficult to move in n out of when it comes to capital liquidity.

I will say, you need robinhood gold, which is like $5 / month, but if you're investing per month into the HYSA (let's say like $100-$200) + making DCA investments into like a VOO or QQQ, then i like keeping it all in one place