High-Yield Savings Account Basics

If you have ever sat down with a Financial Advisor, one of the first things he or she will likely ask you is how your savings is coming along. Specifically, emergency savings is of particular importance. Most Financial Advisors recommend having anywhere from 3-6 months' worth of expenses saved up for financial emergencies.

Of course, those emergencies hopefully won't come around very often, so a common question for the meantime is where to keep your emergency savings. In many cases, a high-yield savings account is a great and viable option.