Learn how high-yield savings accounts work, how interest helps your money grow, and what to consider when choosing a savings account.
This course combines easy-to-understand lessons, real-world examples, activities, and quizzes to help you understand HYSAs and make informed financial decisions.
By the end of this course, you'll understand:
What savings and high-yield savings accounts are
Essential savings and banking vocabulary
APY, interest, and compound interest
How to calculate potential savings growth
Benefits and risks of HYSAs
How to compare different accounts
How to research and open an account
Module 1: Course Introduction
Get familiar with the course, what you'll learn, and how to get the most out of it.
Module 2: What Are Savings Accounts?
Learn what savings accounts are and how traditional savings accounts compare with high-yield savings accounts.
Module 3: Vocabulary to Know
Learn essential terms including APY, interest rates, compound interest, FDIC and NCUA insurance, minimum balances, and more.
Module 4: How Do HYSAs Work?
Explore how banks pay interest and how compound interest can help savings grow over time.
Module 5: Run the Numbers
Practice calculating interest and see how different deposits and monthly contributions can affect your savings.
Module 6: Benefits & Risks
Understand the advantages, limitations, and potential risks of high-yield savings accounts.
Module 7: Choosing & Opening an Account
Learn what to compare when researching accounts and walk through the basic steps of opening one.
Module 8: Final Exam
Test what you've learned throughout the course.