What do high yield savings accounts invest in? : personalfinance

I have money in a Marcus HYSA and I was curious as to what they invest my money in to get me 1.30%?

I know that they use it to make loans, but that is also what traditional banks do? How do they afford to pay 1.30%? Can I lose any money on my principal?

I can’t find literature on this online, so if you have any, please point it my way!

Source link

Comments (No)

Leave a Reply