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High yield savings account?
I am currently looking to invest in a high yield savings account as an alternative income that I would then reintroduce into my HYS along with a monthly deposit. I, however, am having a difficult time finding one of interest and I'm not quite sure on the highest % I am able to receive without any type of fees.
As a secondary question, how would I then file these earnings in my taxes?
3 Answers
- ag318punLv 78 years agoFavorite Answer
High interest in a bank account, just means if you
qualify, you will get 0.02% more. Bank interest rates
are at an all time historical low. No way will this
provide you with any type income. Sorry.
The interest earned for taxes will be minuscule.
- 5 years ago
i have been surfing the internet more than 2 hours today looking for answers to the same question, and I haven't found a more interesting debate like this. it's pretty worth enough for me.
- Anonymous5 years ago
Thank you all for your replies and opinions.
