This episode features a real-life question from a long-time friend facing a "too good to be true" dilemma. After selling their home, they're wondering if putting $75,000 into a high-yield savings account earning 4% would generate $18,000 in just six months - enough interest to pay off their high-interest auto loan while keeping their principal $75,000 to use for other needs.

Spoiler alert: the math doesn't work that way.

Marie uses this question to walk you through exactly how high-yield savings accounts actually work - no jargon, just straight talk. You'll learn what HYSAs are great for (emergency funds and short-term savings), what they're NOT for (investing or avoiding debt payoff), and how to easily calculate interest using free online tools.

She also breaks down why rate-chasing is a waste of time, shows you the real dollar difference between competing rates (hint: it's smaller than you think), and shares her personal favorite HYSA that she's stuck with for years.

Perfect for: Anyone wondering if their savings could be working harder, or anyone who's ever thought a financial opportunity sounded too good to be true.

• Connect with Marie - IG ⁠⁠⁠@moneywithmariepod⁠⁠⁠ or on ⁠⁠⁠LinkedIn⁠⁠

• Submit your money questions to Marie at marie@makercityparaplanner.com

• ⁠Open a high yield savings account at Ally ⁠and earn $$$ on your savings!

• ⁠High Yield Savings Account Interest Calculator