WEBVTT 00:00.577 --> 00:12.843 [SPEAKER_00]: Family, it is July, man, the best month in the world, you know, but I do know that right now, a lot of you all are coming off of your summer vacation, coming back from your family vacation, coming back from the vacations. 00:12.963 --> 00:21.307 [SPEAKER_00]: And I know right amount of August is when we tend to really get back into thinking correctly with that when it comes to our finances. 00:21.667 --> 00:27.688 [SPEAKER_00]: I do not forget that my brand new book, Stop Live in Pachet, a paycheck is coming out on August 25th. 00:27.728 --> 00:33.829 [SPEAKER_00]: You can still pre-order the book today and get the free bonuses by going to anthonyonyl.com for slash book. 00:34.490 --> 00:43.331 [SPEAKER_00]: But one of the things that I really want to do on the habal conversation about, is pretty much, what are the top five highest savings accounts you need to open up for the second part of this year? 00:44.031 --> 00:45.792 [SPEAKER_00]: Because there's three reasons why we saved. 00:45.812 --> 00:46.812 [SPEAKER_00]: I really want to break this down. 00:46.832 --> 00:48.852 [SPEAKER_00]: The very first reason is clearly for emergencies. 00:52.374 --> 00:59.781 [SPEAKER_00]: You know, the freedom community, the freedom circle, I'm sorry, and we're inside the end of black, our app, and other things that I'm teaching, right? 00:59.841 --> 01:03.104 [SPEAKER_00]: Express inside the book that we're going to set aside at least three to six months of our net pay. 01:03.324 --> 01:03.964 [SPEAKER_00]: That's number one. 01:03.984 --> 01:07.207 [SPEAKER_00]: So we save for emergencies, three to six months of our net pay. 01:07.628 --> 01:09.349 [SPEAKER_00]: Number two, we save... 01:10.270 --> 01:19.035 [SPEAKER_00]: For any purchases, rather than we know we want to purchase a car soon, we want to purchase our home, or maybe you're saving up to purchase your next vacation next year, right? 01:19.055 --> 01:23.897 [SPEAKER_00]: Or Christmas is coming up and we are saving for Christmas. 01:24.317 --> 01:32.902 [SPEAKER_00]: So we opened up a high U of Save as account, so this way we could put money in there for Christmas gifts and we can get a little bit of compound interest to help us raise a little bit more money. 01:33.282 --> 01:44.449 [SPEAKER_00]: If the number three is we say for opportunities, you know, I believe that within the next five to ten years there's going to be a lot of wealth transfer happening between the older generation coming down to the next two generations. 01:44.970 --> 01:54.536 [SPEAKER_00]: And so we're setting aside this money so that we can have money to buy a business, money to buy land, money to buy due places, etc. 01:54.576 --> 01:59.800 [SPEAKER_00]: Whatever that opportunity is that God will present and we are going to be in a position for that. 02:00.480 --> 02:03.963 [SPEAKER_00]: But we gotta have our money part in the correct way. 02:04.084 --> 02:13.052 [SPEAKER_00]: And y'all, you cannot park your money inside of a traditional account because I firmly do believe that that is playing its safe. 02:13.753 --> 02:18.157 [SPEAKER_00]: I'm reminded of the book of the Parables when it talks about the town list. 02:18.458 --> 02:22.502 [SPEAKER_00]: God gave one guy, one servant, five bags. 02:23.950 --> 02:26.351 [SPEAKER_00]: two bags, one other servant, one bag. 02:26.691 --> 02:28.892 [SPEAKER_00]: Well, these two came back with double. 02:29.272 --> 02:34.154 [SPEAKER_00]: But it was the one talent guy that came back with what exactly he gave him. 02:34.454 --> 02:35.995 [SPEAKER_00]: And that guy called him Lazy. 02:36.455 --> 02:43.898 [SPEAKER_00]: And he said, you could have at least went to a bank and put the money inside of it and came back with a little bit of interest. 02:44.598 --> 02:46.139 [SPEAKER_00]: The master called him Lazy. 02:47.019 --> 02:50.521 [SPEAKER_00]: He called him Lazy not because he came back with the one 02:54.899 --> 02:59.862 [SPEAKER_00]: So this simply means that a book that was written 25, 100 years ago, I got the Bible right here. 02:59.942 --> 03:02.163 [SPEAKER_00]: This was written almost 25, 100 years ago. 03:02.743 --> 03:07.486 [SPEAKER_00]: This means that back then, they knew the importance of utilizing interest to benefit us. 03:08.146 --> 03:13.549 [SPEAKER_00]: So I want to say this up front, having a higher saying as a count is one part, but it's not an investment. 03:14.149 --> 03:21.313 [SPEAKER_00]: It is so that we can keep our funds liquid and accessible, but while it's there, we are getting some kind of money. 03:21.753 --> 03:32.182 [SPEAKER_00]: and I want to explain exactly what and how you're saving account is for those of you all who really don't know the difference between a traditional account and how you're saving the account. 03:32.562 --> 03:35.925 [SPEAKER_00]: Then I'm going to give you the top five that I want you to open up today, then I'm going to get out your way. 03:37.765 --> 03:39.246 [SPEAKER_00]: Let's talk about this, right? 03:39.666 --> 03:50.070 [SPEAKER_00]: A high-year-old savings account is a savings account, just like the one you probably already have, except it pays you a lot more interest, specifically, significantly more, right? 03:50.410 --> 03:50.790 [SPEAKER_00]: That's it. 03:51.170 --> 03:52.290 [SPEAKER_00]: There's nothing different. 03:53.111 --> 03:57.853 [SPEAKER_00]: Now here's why some banks can afford to pay you, for an example, 4% interest. 03:59.793 --> 04:00.333 [SPEAKER_00]: Pretty easy. 04:01.094 --> 04:03.975 [SPEAKER_00]: How do I say this in a very direct and straightforward way? 04:05.360 --> 04:07.243 [SPEAKER_00]: They don't have a large overhead. 04:07.724 --> 04:12.713 [SPEAKER_00]: You see, most of the highest paying accounts are going to be online. 04:13.581 --> 04:21.023 [SPEAKER_00]: They're not going to have 100, 200, even up to 1,000 physical branches that they got to pay salaries for. 04:21.063 --> 04:22.743 [SPEAKER_00]: They got to pay mortgages on it. 04:22.763 --> 04:24.344 [SPEAKER_00]: They got to pay light bills on it. 04:24.604 --> 04:30.465 [SPEAKER_00]: So there's no overhead of staffing buildings in every city in America, light bank of America. 04:30.885 --> 04:33.726 [SPEAKER_00]: What they do is they pass those savings that they're saving. 04:34.026 --> 04:36.347 [SPEAKER_00]: They pass a little bit that onto you and I. 04:37.310 --> 04:39.773 [SPEAKER_00]: And this is in a form of a higher interest rate. 04:40.214 --> 04:40.995 [SPEAKER_00]: So you can not wait. 04:41.015 --> 04:42.938 [SPEAKER_00]: You can save that money for your business. 04:42.958 --> 04:49.467 [SPEAKER_00]: Save that money for the three things of what we are saving for emergencies, purchases, and opportunity. 04:50.408 --> 04:53.472 [SPEAKER_00]: Now I know you already have a question in your head. 04:54.337 --> 04:55.758 [SPEAKER_00]: Now Anthony, are these bank safe? 04:56.038 --> 04:59.921 [SPEAKER_00]: Like, is my money safe sitting inside of an account that's only on online? 05:00.181 --> 05:10.727 [SPEAKER_00]: Yes, every single account I'm gonna go through today is FDIC and short, meaning that the federal government protects your deposit up to at least $250,000 per institution. 05:13.572 --> 05:15.733 [SPEAKER_00]: So this is not the stock market that we put our money in. 05:16.013 --> 05:17.614 [SPEAKER_00]: You cannot lose your principle. 05:18.014 --> 05:21.516 [SPEAKER_00]: Your money doesn't go up and down with Wall Street. 05:22.216 --> 05:24.658 [SPEAKER_00]: It sits there and it simply grows. 05:24.858 --> 05:27.959 [SPEAKER_00]: Watch this, every single month. 05:29.780 --> 05:41.226 [SPEAKER_00]: Because what happens in Ohio savings, right around the first and the fifth, you're gonna see a deposit into that from the bank for what you have in the account over the last 30 days. 05:44.297 --> 05:46.639 [SPEAKER_00]: It's just, I'm talking to y'all like I'm in church. 05:46.759 --> 05:48.421 [SPEAKER_00]: Like I'm about to ask you, does this make sense? 05:50.383 --> 05:52.085 [SPEAKER_00]: Put it in the comments if it does make sense. 05:52.285 --> 05:52.505 [SPEAKER_00]: All right. 05:53.186 --> 06:00.593 [SPEAKER_00]: And so here's how most high-year savings accounts compound interest monthly sometimes on a daily perspective. 06:01.133 --> 06:04.657 [SPEAKER_00]: Every day to bank, calculate interest on your balance and add it to your account. 06:05.237 --> 06:11.180 [SPEAKER_00]: the next day that calculate interest on your new slightly higher balance, and they put interest on top of interest. 06:11.480 --> 06:13.161 [SPEAKER_00]: That's what we call compound interest. 06:13.421 --> 06:17.743 [SPEAKER_00]: And over time, it is one of the most powerful forces in personal finance. 06:18.003 --> 06:20.144 [SPEAKER_00]: Now, one thing I have to be clear about. 06:21.187 --> 06:21.887 [SPEAKER_00]: gotta say it's again. 06:21.907 --> 06:25.250 [SPEAKER_00]: A high U of savings account is not an investment account. 06:25.710 --> 06:27.812 [SPEAKER_00]: It is not going to make you rich. 06:28.032 --> 06:30.233 [SPEAKER_00]: Now, what it will do, right? 06:30.493 --> 06:36.517 [SPEAKER_00]: And what it is is the smartest place to part money that we need to keep accessible. 06:37.738 --> 06:38.999 [SPEAKER_00]: Those three things, I'm gonna say it again. 06:39.019 --> 06:44.503 [SPEAKER_00]: All right, emergency fund, I will purchase this and I will opportunity funds. 06:45.837 --> 06:51.165 [SPEAKER_00]: these are money that needs to be liquid, but shouldn't be sitting somewhere earning nothing. 06:52.006 --> 06:58.575 [SPEAKER_00]: Most people don't have, I believe, an income problem, they have a money placement problem, and we're going to be fixing that today. 06:58.595 --> 07:00.759 [SPEAKER_00]: All right, so now real quick. 07:02.060 --> 07:02.980 [SPEAKER_00]: Um, what are I going to do? 07:03.040 --> 07:04.261 [SPEAKER_00]: I'm going to give y'all a comparison. 07:04.301 --> 07:05.881 [SPEAKER_00]: Man, I've given y'all several comparisons. 07:05.941 --> 07:12.443 [SPEAKER_00]: I think I've been, let's get straight into what accounts are there because you all know this. 07:12.543 --> 07:13.824 [SPEAKER_00]: I don't need to show you the math. 07:14.004 --> 07:16.184 [SPEAKER_00]: If you want to see the math, go back to one of my shows. 07:16.885 --> 07:23.327 [SPEAKER_00]: I will show you the exact math on what you could do with 10,000 or 25,000 outside of how you would save an account. 07:23.367 --> 07:24.207 [SPEAKER_00]: As a matter of fact, 07:25.210 --> 07:40.357 [SPEAKER_00]: And if you go to anthonyo.com for SaaS savings right now, there was a calculator on that page to where you could say, hey, if I put $10,000 in there, if I put $1,000 in there, how much money can I make a month off of my account? 07:40.717 --> 07:43.578 [SPEAKER_00]: All right, so I want to give you the top five, 07:45.619 --> 07:51.323 [SPEAKER_00]: Uh, uh, how you'll save as a count that I believe you should be opening and here's the thing. 07:51.643 --> 07:52.804 [SPEAKER_00]: Don't just choose one. 07:53.044 --> 07:54.725 [SPEAKER_00]: I want you to choose at least three. 07:55.085 --> 08:04.391 [SPEAKER_00]: Remember this because we have three different accounts, but FDI sure FDI C and insurance only cubs you covers you from $250,000 per institution. 08:06.392 --> 08:18.898 [SPEAKER_00]: So this means that if you have three higher savings account in the same institution, and let's say for an example, you was able to put $500,000 into it, or you only covered $250,000. 08:19.518 --> 08:21.039 [SPEAKER_00]: So I want you to choose three. 08:21.279 --> 08:23.900 [SPEAKER_00]: Have one simply for your emergency fund that you're not looking at. 08:23.920 --> 08:24.981 [SPEAKER_00]: You're going to put your money into it. 08:25.201 --> 08:27.682 [SPEAKER_00]: Then have another higher savings account specifically. 08:28.650 --> 08:29.670 [SPEAKER_00]: for your purchases. 08:29.690 --> 08:31.931 [SPEAKER_00]: You should just your short-term, I'm saying, for a house or a car. 08:32.391 --> 08:37.131 [SPEAKER_00]: And then we have another one that you're setting aside for opportunities that come up. 08:37.452 --> 08:42.712 [SPEAKER_00]: All right, so I want to give you five because this is super important, all right? 08:43.132 --> 08:44.633 [SPEAKER_00]: This is going to help you make a decision. 08:45.033 --> 08:50.334 [SPEAKER_00]: And like I said, these accounts are already at Anthonyunio.com for staff savings. 08:50.734 --> 08:54.454 [SPEAKER_00]: These are my favorite, that mean my team, we look at these every single week. 08:54.714 --> 08:56.495 [SPEAKER_00]: And we update this this every single week. 08:56.675 --> 08:57.235 [SPEAKER_00]: This is family. 08:58.095 --> 09:03.078 [SPEAKER_00]: If your savings account is earning less than 1%, you're literally donating money back to the bank. 09:03.578 --> 09:06.240 [SPEAKER_00]: You see, traditional savings accounts are paying pennies. 09:06.760 --> 09:10.162 [SPEAKER_00]: While high-year savings accounts are paying dollars. 09:10.702 --> 09:15.245 [SPEAKER_00]: And the gap is costing you real well every single year. 09:15.905 --> 09:17.246 [SPEAKER_00]: I want to get real with you here real quick. 09:17.807 --> 09:27.955 [SPEAKER_00]: When $10,000 a regular bank might pay you $40 a year, but a top high you'll save the account, that's $400 to $500 a year, just for moving your money. 09:28.015 --> 09:31.097 [SPEAKER_00]: That's hundreds of extra dollars in your pocket. 09:31.578 --> 09:35.861 [SPEAKER_00]: No extra work, no risk, and your money stay safe, and FDIC ensure. 09:36.942 --> 09:47.433 [SPEAKER_00]: Nearly one in four Americans have zero emergency savings and most who do are missing out on free money by leaving their cash and lazy accounts. 09:47.854 --> 09:56.603 [SPEAKER_00]: The high-yosev's account is the fastest, simplest upgrade you can make to hit your emergency fund and short-term goals faster. 09:56.963 --> 10:07.848 [SPEAKER_00]: So, listen, stop letting your heart earn dollars say lazy, visit anthonyonil.com for SaaS savings, compare the best high-year savings accounts and open yours in literally two minutes. 10:08.048 --> 10:11.849 [SPEAKER_00]: Every extra dollar interest gives you closer to financial freedom. 10:11.989 --> 10:17.031 [SPEAKER_00]: So please do not wait, don't let another year go by earning pennies. 10:17.412 --> 10:23.614 [SPEAKER_00]: Go to anthonyonil.com for SaaS savings, let your money start working for you today. 10:24.074 --> 10:25.455 [SPEAKER_00]: All right, let's keep back to the show. 10:25.695 --> 10:26.896 [SPEAKER_00]: But here's a very first one. 10:27.076 --> 10:29.778 [SPEAKER_00]: It's so high, I'm high yo savings account. 10:30.018 --> 10:33.921 [SPEAKER_00]: So right now, they're going to give you about 3.8% of APY. 10:34.081 --> 10:35.242 [SPEAKER_00]: Why do I like them? 10:35.282 --> 10:39.104 [SPEAKER_00]: It's because there's zero minimum deposit and zero monthly fees. 10:39.124 --> 10:42.147 [SPEAKER_00]: All right, that is my number one. 10:42.907 --> 10:43.648 [SPEAKER_00]: It's a great rate. 10:44.068 --> 10:45.029 [SPEAKER_00]: You open one account. 10:45.429 --> 10:46.189 [SPEAKER_00]: And here's what I love. 10:46.550 --> 10:49.231 [SPEAKER_00]: You get a checking account with the high savings account. 10:50.773 --> 10:54.115 [SPEAKER_00]: So it was one log in, one app, one relationship. 10:55.212 --> 11:00.959 [SPEAKER_00]: And right now, like I said, so far it's offering in between three point, uh, right about 3.8% AP Y. 11:02.280 --> 11:03.882 [SPEAKER_00]: That's a limited time, right? 11:04.462 --> 11:09.368 [SPEAKER_00]: And I believe that if you can get in on that, man, I will get on in on it right now. 11:11.130 --> 11:14.173 [SPEAKER_00]: Right now, hold on. 11:15.255 --> 11:15.595 [SPEAKER_00]: I ain't done. 11:17.838 --> 11:25.863 [SPEAKER_00]: Because right now, for a limited time, so far is offering up to $400 cash just for setting up direct deposit. 11:26.423 --> 11:30.345 [SPEAKER_00]: They're gonna give you $50,000 if you deposit $1,000 or more in it today. 11:30.545 --> 11:36.009 [SPEAKER_00]: Watch this, $400,000 if you deposit $5,000 or more within the next 25 days. 11:38.670 --> 11:47.035 [SPEAKER_00]: So if you have money sitting, $5,000 sitting somewhere, and I believe a lot of you all do, or $1,000 in somewhere, why not come over here and get this free money? 11:48.717 --> 11:52.259 [SPEAKER_00]: That's real money for just switching where your paycheck lands. 11:52.980 --> 11:56.462 [SPEAKER_00]: Now, for every single accountant I'm gonna give you the best for, right? 11:56.502 --> 11:57.462 [SPEAKER_00]: Who is this best for? 11:57.743 --> 12:03.086 [SPEAKER_00]: What is this best for someone who wants to consolidate their banking into one clean modern platform? 12:04.680 --> 12:07.181 [SPEAKER_00]: This is best for someone who's saying, hey, you know what Anthony? 12:07.301 --> 12:10.442 [SPEAKER_00]: I have a high U of savings account, but I would love to have a visa debit card. 12:10.722 --> 12:15.324 [SPEAKER_00]: So that way in case of an emergency, I don't have to wait 24 hours to transfer my money to them. 12:15.824 --> 12:20.365 [SPEAKER_00]: To my bank, I could just go ahead and transfer it into that check in account, and I can use it instantly. 12:21.746 --> 12:32.749 [SPEAKER_00]: Instantly, they are FDIC and short, and they even have FDI insurance up to $3 million through their insure deposit program, which is well above the $250,000 standard. 12:35.503 --> 12:38.404 [SPEAKER_00]: Now, what do you need to watch? 12:39.885 --> 12:42.626 [SPEAKER_00]: The top rates do require direct deposit. 12:42.746 --> 12:43.626 [SPEAKER_00]: It would be honest with you. 12:44.006 --> 12:50.088 [SPEAKER_00]: All right, without it, the rates of the job right around 1% single down right around about 2.8% that the rate per cent. 12:50.668 --> 12:58.351 [SPEAKER_00]: So if you're really going to use SO5, I want you to commit to SO5, get the free money, and deposit some of your money, watch this. 12:58.591 --> 13:03.313 [SPEAKER_00]: The deposit 10 to 15% of your paycheck into that account until you build it up. 13:04.482 --> 13:07.564 [SPEAKER_00]: All right, you've got to set that up as to HR how you can do it. 13:07.905 --> 13:10.367 [SPEAKER_00]: All right, here is account number two. 13:10.987 --> 13:12.268 [SPEAKER_00]: Chime Hiyo Savings. 13:12.768 --> 13:15.110 [SPEAKER_00]: Now, I like Chine. 13:16.191 --> 13:16.891 [SPEAKER_00]: I do like Chine. 13:17.492 --> 13:21.035 [SPEAKER_00]: Chine is one of the most popular financial apps in the country. 13:21.055 --> 13:23.617 [SPEAKER_00]: We see it on the NBA teams, or some of the NFL teams. 13:24.057 --> 13:25.278 [SPEAKER_00]: And for a good reason, right? 13:25.638 --> 13:30.042 [SPEAKER_00]: It was built for people who want simple, modern banking without the fees and the fine print. 13:31.019 --> 13:36.863 [SPEAKER_00]: The highest savings rate is right around 3.75% APY, but here's how it works. 13:37.403 --> 13:52.072 [SPEAKER_00]: Time has a membership tier, so to earn the top 3.75% rate, you need time prime status, which means receiving $3,000 or more in qualifying to rent the deposit in the past 34 days. 13:54.118 --> 13:54.798 [SPEAKER_00]: So watch this. 13:55.198 --> 14:00.560 [SPEAKER_00]: Remember, so far, the right deposit just put a small portion in there, automatically going into it. 14:00.900 --> 14:06.461 [SPEAKER_00]: What China is saying, you need to deposit at least a minimum of $3,000 inside of their account. 14:07.721 --> 14:15.943 [SPEAKER_00]: If you're at time plus, which requires just one direct deposit of $200 or more, now you're going to earn a 3% APW. 14:16.483 --> 14:19.444 [SPEAKER_00]: And the standard rate without either, right? 14:24.793 --> 14:25.994 [SPEAKER_00]: So who is trying best for? 14:26.434 --> 14:34.421 [SPEAKER_00]: It's best for someone who already has a steady direct deposit in once a free, a free banking experience with some solid savings growth. 14:34.821 --> 14:36.002 [SPEAKER_00]: And here's why I love about them. 14:36.222 --> 14:44.028 [SPEAKER_00]: I've always loved this about charm is that they have no monthly fees and no minimum balances and no overdraft fees and access to over 47,000 free ATMs nationwide. 14:46.690 --> 14:54.537 [SPEAKER_00]: and they have some amazing automation tools when it comes to saving and putting your money into different buckets within side of their app. 14:55.058 --> 14:57.780 [SPEAKER_00]: Now, what do you need to watch when it comes to China? 14:58.321 --> 15:01.544 [SPEAKER_00]: Well, China is a financial technology company they are not a bank. 15:02.184 --> 15:06.926 [SPEAKER_00]: So bank and services are provided through partner banks that are FDIC and Shreword. 15:07.266 --> 15:10.568 [SPEAKER_00]: So your money is protected, but understand what you're working with. 15:10.968 --> 15:17.291 [SPEAKER_00]: You're not working with that actual bank chimishes, the technology who's working with other banks. 15:17.651 --> 15:24.774 [SPEAKER_00]: So make sure you're always staying up to date on, are they still FDIC and Shreword as they're working with the bank that is covered. 15:25.274 --> 15:27.455 [SPEAKER_00]: Here is a count number three. 15:27.916 --> 15:31.257 [SPEAKER_00]: Barclays, teared, saved in the count. 15:31.658 --> 15:34.639 [SPEAKER_00]: Now, I have a barclays account, which I love, right? 15:35.079 --> 15:39.382 [SPEAKER_00]: I park my opportunity save as account at barclays. 15:39.942 --> 15:47.206 [SPEAKER_00]: And I love barclays, because barclays is a name that has been around for over 300 years. 15:47.586 --> 15:53.089 [SPEAKER_00]: And when people are nervous about putting their money somewhere new, that kind of track record honestly matters. 15:54.845 --> 15:59.587 [SPEAKER_00]: They have the tier savings account, which offers about 3.5% when I got into it. 15:59.667 --> 16:02.028 [SPEAKER_00]: I'm being honest with you, it was right around 4.2%. 16:02.688 --> 16:07.830 [SPEAKER_00]: I'm right about 3.7% and it has to go down, but the average right now for them is 3.5%. 16:08.150 --> 16:13.431 [SPEAKER_00]: Again, you can go to anthonyonyo.com for SaaS savings and look at the current rate that they're offering on their data. 16:13.471 --> 16:18.473 [SPEAKER_00]: You're watching this show because I think we recorded this about a week and a half an advance before it came out. 16:19.113 --> 16:21.654 [SPEAKER_00]: But there's no minimum balance required with barclays. 16:22.074 --> 16:23.235 [SPEAKER_00]: There's no monthly fees. 16:23.955 --> 16:31.023 [SPEAKER_00]: easy direct deposits and online transfers and your deposits are again FDIC and short with them. 16:31.423 --> 16:33.265 [SPEAKER_00]: Now who is Barclays best for? 16:33.705 --> 16:33.906 [SPEAKER_00]: All right. 16:34.886 --> 16:36.987 [SPEAKER_00]: Barclays are going to be good for where I'm on ground part. 16:37.127 --> 16:46.273 [SPEAKER_00]: Barclays are going to be good for the people who want a reputable, established, named behind the Ohio Sabes account without the complexity of promotional requirements. 16:46.893 --> 16:50.635 [SPEAKER_00]: And one thing I love about them is they're super simple, they're super straightforward. 16:50.675 --> 16:51.536 [SPEAKER_00]: There's no games. 16:51.876 --> 16:56.118 [SPEAKER_00]: There's no tears that punish you for having lower balances. 16:56.358 --> 17:02.002 [SPEAKER_00]: The rate is super competitive and the institution for 300 years clearly they're rock solid. 17:02.242 --> 17:02.382 [SPEAKER_00]: Now, 17:03.702 --> 17:05.403 [SPEAKER_00]: with them, what do you have to watch for? 17:05.743 --> 17:09.686 [SPEAKER_00]: Well, simple, the rate is strong, but it's not the highest on the list, all right? 17:10.027 --> 17:17.292 [SPEAKER_00]: So you're trading a slightly lower rate for the stability and name recognition of a global institution. 17:17.652 --> 17:25.318 [SPEAKER_00]: So, if you have hesitation about new online banks, if you have hesitations about, okay, wait, can I really trust my money? 17:25.858 --> 17:31.042 [SPEAKER_00]: This is honestly where I would park either your emergency fund, 17:33.002 --> 17:35.963 [SPEAKER_00]: or your opportunity calls, all right. 17:36.923 --> 17:50.945 [SPEAKER_00]: Because for your purchases, I want you to go towards the higher rate, like so far, because you can get more money, because that's not a long-term situation. 17:51.845 --> 17:58.106 [SPEAKER_00]: So barclays is good for a long-term, like opportunity calls, you're not gonna run across an opportunity every single month. 17:58.486 --> 18:00.767 [SPEAKER_00]: Opportunities for me is gonna be more so like a, 18:02.628 --> 18:11.231 [SPEAKER_00]: more so like every two three year situation because if I want to buy a business, I'm going to have at least $10,000 15,000 in the account to set up the capital from me buying the business. 18:11.891 --> 18:14.952 [SPEAKER_00]: Barplace is good for, hey, you know what, I'm going to have my emergency fund here. 18:15.292 --> 18:21.294 [SPEAKER_00]: Okay, I'll miss a quarter of an interest so that way I can know that my money is for sure for sure, for sure, for sure. 18:21.874 --> 18:22.754 [SPEAKER_00]: Now watch this. 18:22.934 --> 18:24.555 [SPEAKER_00]: Here's number four. 18:25.535 --> 18:27.436 [SPEAKER_00]: One of the best banks out there. 18:28.316 --> 18:28.536 [SPEAKER_00]: Right. 18:32.257 --> 18:33.159 [SPEAKER_00]: now watch this. 18:35.062 --> 18:35.282 [SPEAKER_00]: Okay. 18:36.584 --> 18:42.634 [SPEAKER_00]: If maximizing your rate is the priority, fast bank is a number to beat right now. 18:44.047 --> 18:55.852 [SPEAKER_00]: The Bass Bank rate is right at 3.7% APY, so they're matching so far, but new customers can earn an additional 0.10% ooze by opening and funding in account before July 31st. 18:56.212 --> 19:10.299 [SPEAKER_00]: And both new and watch this existing customers can unlock another quarter of an interest rate by setting up $2,500 more and qualifying automatic direct deposits each statement period. 19:10.319 --> 19:11.759 [SPEAKER_00]: So this is every 30 to 35 days. 19:13.180 --> 19:17.343 [SPEAKER_00]: So this is going to bring you to 4.1% APY. 19:18.324 --> 19:19.104 [SPEAKER_00]: So this is best. 19:19.184 --> 19:30.072 [SPEAKER_00]: This is best for someone who's already disciplined about automating their savings and wants to squeeze every single dollar out when it comes to getting their money from their emergency fund. 19:30.152 --> 19:30.812 [SPEAKER_00]: Now watch this. 19:31.212 --> 19:31.773 [SPEAKER_00]: This for me. 19:33.238 --> 19:38.421 [SPEAKER_00]: This for me is where I would consider them, because there's no fees, there's no minimum deposits. 19:39.361 --> 19:47.166 [SPEAKER_00]: And I like them because they actually have phone access to their customer service branch online. 19:48.486 --> 19:50.868 [SPEAKER_00]: To me, that's pretty good. 19:51.368 --> 19:53.249 [SPEAKER_00]: Now, what you got to watch. 19:56.711 --> 19:58.332 [SPEAKER_00]: They are lower than sofa. 20:04.688 --> 20:09.412 [SPEAKER_00]: that 10% and quarter is going to drop off after your new. 20:10.853 --> 20:13.255 [SPEAKER_00]: Remember, I'm always thinking long term. 20:13.916 --> 20:16.277 [SPEAKER_00]: I'm always thinking long term. 20:17.659 --> 20:24.284 [SPEAKER_00]: So for me, what I open up a basket count, if I do not have 20:26.359 --> 20:29.321 [SPEAKER_00]: So fine, investment already, or barclays? 20:29.681 --> 20:32.163 [SPEAKER_00]: No, basketball be my last account. 20:32.843 --> 20:39.627 [SPEAKER_00]: Bask is where I would set my purchasing savings account app, because I'm getting 4.1%. 20:40.227 --> 20:45.711 [SPEAKER_00]: I can at least keep that 4.1% for like 90 to about 120 days for months. 20:46.031 --> 20:49.493 [SPEAKER_00]: If I know I'm saving for six months to put money down on the house or 20:49.873 --> 20:50.474 [SPEAKER_00]: for Christmas. 20:50.494 --> 20:51.595 [SPEAKER_00]: We have Christmas coming up. 20:51.635 --> 20:57.241 [SPEAKER_00]: Yes, I would open up a basket count, but I'm going to open up a so-fi account first because that's going to stay there. 20:57.541 --> 20:59.683 [SPEAKER_00]: I'm going to open the barclays because that's going to stay there. 20:59.703 --> 21:00.344 [SPEAKER_00]: Then I'm coming there. 21:00.404 --> 21:01.685 [SPEAKER_00]: Now, here's another one. 21:02.826 --> 21:04.148 [SPEAKER_00]: Count number five. 21:04.188 --> 21:07.992 [SPEAKER_00]: This is going to be your mark is by Goldman Sachs account. 21:08.332 --> 21:11.015 [SPEAKER_00]: One of the most recognized names in global finance period. 21:12.139 --> 21:16.480 [SPEAKER_00]: And that matters to a lot of people who are still building trust with online banking. 21:17.140 --> 21:18.421 [SPEAKER_00]: Now the rate is going to be lower. 21:18.521 --> 21:26.483 [SPEAKER_00]: Again, anytime you get a bank, that's the stylish and been around for a while, they know they tend to attract more people, so they don't have to reward you as much. 21:26.723 --> 21:35.906 [SPEAKER_00]: So there are offering a 3.4% APY with no fees, no minimum deposits, and watch this no limit on withdrawals or transfers, which that is honestly good. 21:37.168 --> 21:41.870 [SPEAKER_00]: because some of you all are still going to be with drawing and you're going to deposit and we're going to draw it out the next week. 21:42.150 --> 21:48.832 [SPEAKER_00]: So if you know that's you, that you're not going to let your money just sit there and get access to the 3.4% APY, I'm going to pause right there. 21:48.852 --> 21:49.792 [SPEAKER_00]: This is why this is important. 21:52.453 --> 21:54.974 [SPEAKER_00]: A high note savings account is not designed for you to deposit and withdraw. 21:56.694 --> 22:03.517 [SPEAKER_00]: Because the reason why they go messaestable I do that is because the moment you withdraw your funds, you lose access to 3.4% of your APY. 22:05.875 --> 22:08.976 [SPEAKER_00]: Remember, they're calculating your account daily. 22:10.517 --> 22:13.418 [SPEAKER_00]: They're paying out, they're paying your account monthly. 22:14.979 --> 22:19.040 [SPEAKER_00]: So you're getting 3.4% annual per year, right? 22:20.581 --> 22:23.462 [SPEAKER_00]: But you get paid monthly, but it's being calculated daily. 22:24.162 --> 22:32.466 [SPEAKER_00]: So if you're changing your balance daily, you're hurting the opportunity for you to maximize a full 3.4, 4.1, whatever the revenue the API is. 22:36.568 --> 22:43.932 [SPEAKER_00]: And so the reason why they'll allow that is because they know if they if we allow you to deposit in withdrawal, we don't have to pay you as much money. 22:46.073 --> 22:47.794 [SPEAKER_00]: So who is Goldman Sachs' perfect force? 22:47.914 --> 22:55.459 [SPEAKER_00]: It's perfect for someone who wants the peace of mind of a major institution name, with the rate that still crushes what the current bank is paying. 22:57.200 --> 22:57.660 [SPEAKER_00]: It's Perry. 22:59.898 --> 23:02.379 [SPEAKER_00]: And what is the thing that everyone loves about Goldman Sachs? 23:02.439 --> 23:03.659 [SPEAKER_00]: There's no withdrawal limits. 23:03.979 --> 23:05.240 [SPEAKER_00]: It's clean, the simple structure. 23:05.900 --> 23:15.963 [SPEAKER_00]: But when there's no withdrawal limits, that means that you have the opportunity or the potential to not maximize, I want to say it. 23:16.083 --> 23:21.585 [SPEAKER_00]: Yeah, to not maximize the fullness of this interest rate. 23:23.066 --> 23:24.666 [SPEAKER_00]: Those are five accounts. 23:31.330 --> 23:38.412 [SPEAKER_00]: If it was me, I'm going to sofa first because they're offering a highest and they've been pretty much one of the best. 23:39.113 --> 23:41.133 [SPEAKER_00]: Then maybe chime in barclays. 23:41.694 --> 23:43.054 [SPEAKER_00]: Now, what did I tell you? 23:43.994 --> 23:52.217 [SPEAKER_00]: If I know within the next six months then I'm buying something and I want to maximize the interest rate, then I will look into Bask. 23:53.658 --> 23:56.098 [SPEAKER_00]: But I'm only getting Bask after I get so far. 24:02.198 --> 24:03.838 [SPEAKER_00]: Some of y'all wanna wait for Thanksgiving. 24:04.759 --> 24:07.439 [SPEAKER_00]: Black Friday after Thanksgiving to buy the majority of your Christmas gifts. 24:07.859 --> 24:08.299 [SPEAKER_00]: Perfect. 24:08.920 --> 24:12.501 [SPEAKER_00]: Well, why not start saving money now and put that into your purchase account? 24:13.321 --> 24:14.401 [SPEAKER_00]: That's a short time account. 24:15.241 --> 24:17.802 [SPEAKER_00]: Go ahead and get it extra 50 to 100 bucks for letting you money just sit there. 24:17.822 --> 24:31.025 [SPEAKER_00]: Listen, to get a full list of this information, go to anthonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyonyony 24:32.131 --> 24:42.335 [SPEAKER_00]: So, hey, if I can say this amount of money, by this amount of time, how much will this account save me, and then compare it to your checking account or saving the account that you have right now to bank, and I promise you you'll see a whole lot more. 24:43.015 --> 24:46.456 [SPEAKER_00]: All right, just below Anthony O'Neill, five accounts, I got three of those. 24:46.977 --> 24:47.917 [SPEAKER_00]: You go get at least one of them. 24:48.157 --> 24:48.857 [SPEAKER_00]: We'll see you in the next one. 24:49.218 --> 24:49.558 [SPEAKER_00]: Peace out.