Discover the strategy that can help you diversify your assets and protect your wealth.
Two core benefits of investing in property overseas are high-yield rental income and capital appreciation. But there’s another strategic benefit that demands your attention right now: currency diversification. Currency diversification means spreading your wealth across multiple currencies to protect it in case any particular currency crashes. People from Argentina have long understood the…
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If you’ve built up a $10,000 cushion in your checking account, that’s a solid place to be. But after years of writing about personal finance, I can tell you this: Where you keep your money matters just as much as how much you’ve saved.
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And if that $10,000 is sitting in a checking account earning 0.01%, it’s doing more for your bank than it is for you.
Even in June 2025, with interest rates still elevated, most major checking accounts are paying little to no interest. Think 0.01% or 0.02%, tops. That means $10,000 earns you… about a buck per year.
That same $10,000 in a top high-yield savings account could be earning you 4.00% or more — more than $400 a year in interest, with zero market risk.
Here’s what most people don’t realize: Your bank uses your idle cash to fund loans, earn interest, and make money on their end. The less you move your money, the better it is for them.
That’s why they’re in no rush to raise checking rates. They’re betting you won’t notice or won’t bother switching.
But if you’re holding thousands of dollars in checking that you don’t need for everyday spending, you’re leaving money on the table.
If you’ve got $10,000 sitting in checking, the smartest first move is to get it into a high-yield savings account.
These accounts are paying close to 4.00% or more right now. You still have easy access to your money, just without letting it sit there earning pennies.
Even if you’re not ready to invest or make a big financial shift, this is a no-brainer step anyone can take.
Stop leaving money on the table now. Check out this list of some of the best high-yield savings accounts available today.
Once you’ve moved your cash to an HYSA, here’s what to consider next:
But it all starts with moving your money out of checking. That one step alone can turn a lazy $10,000 into real momentum.
Let’s say you move $10,000 to a high-yield savings account earning 4.00%. That’s roughly $400 in interest over the next year. Leave it in your checking account and you’ll earn about $1.
Multiply that by five or 10 years, and that “no big deal” habit could quietly cost you thousands.
You’ve got options. Don’t let your bank be the only one benefiting from your balance.
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
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Having $50,000 in the bank feels like a financial win — and it is. It means you’ve built a strong savings cushion, and you’ve got options. But here’s the part most people miss: Where you keep that money matters just as much as having it.
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If that $50,000 is sitting in a traditional savings account earning 0.01%, you’re likely losing hundreds or even thousands of dollars every year to inflation and missed opportunity. And in this rate environment, that’s completely avoidable. The following four reasons demonstrate why it’s such a bad idea.
The national average savings rate at brick-and-mortar banks is still around 0.01% to 0.05%. That means $50,000 in one of those accounts would earn maybe $5 to $25 per year in interest.
Meanwhile, some high-yield savings accounts are paying 4.00% or more right now in accounts that are fully FDIC insured and just as easy to access.
That same $50,000 in a top-paying HYSA? You’re looking at $2,000+ in interest over the next few years without taking on any investment risk.
It’s time to finally start putting your money to work. Open a new high-yield savings account today.
Inflation may be cooling, but it’s still eating away at the value of idle cash. Even a modest 3% inflation rate means your $50,000 loses about $1,500 in purchasing power every year.
So while your balance might not change, what it can buy shrinks over time, unless you’re earning a rate that keeps pace.
If that $50,000 is your emergency fund, great — keep it accessible. But if even part of it is long-term savings, it’s time to consider putting some of that money to work.
You can:
Making these decisions can seem daunting. If you’re looking for some guidance, a short questionnaire from our partner, SmartAsset, helps match you with up to three fiduciary financial advisors, each legally bound to work in your best interest.
A lot of people sit on big cash balances because it feels safe. And in some cases, it is. But it’s also expensive. The longer you leave that money untouched in a low-rate account, the more it costs you in lost opportunity.
The good news is that fixing it is easy.
You’ve already done the hard part: You saved the money. Now make it count. Even small moves today can pay off big down the road.
The worst place for your $50,000 is the one where it quietly loses value. Make it work smarter.
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.
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Falls are a leading cause of injury deaths among older adults, and some medications significantly increase this risk.
Falls are more fatal than you may realize. Falling is the second leading cause of unintentional injury deaths worldwide, according to the World Health Organization. Globally, about 684,000 people die from falls every year. Those most at risk are adults over the age of 60. Even in falls that aren’t deadly, 20%-30% of older people in the U.S. who fall sustain moderate to severe injuries like…
The proposal may help only a few — but it could reshape how millions of Americans get paid.
A new Republican proposal to eliminate federal taxes on tips could reshape how millions of Americans are paid — and not just those who work for tips. The Senate Finance Committee just unveiled its version of the so-called “no tax on tips” plan as part of a sweeping tax package, CNBC reports. While it shares DNA with a House bill passed in May, the Senate version differs in key ways — and those…
New prepaid options offer rare price stability — and you could be the biggest winner.
T-Mobile just introduced a bold new plan for wireless pricing that could shield customers from plan rate hikes for five years, though fees may still vary. The carrier will roll out three new prepaid plans with this price guarantee, according to TheStreet. The announcement follows rising customer frustration after a series of increases over the past year, including a $5 bump on some older plans…
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