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1. Use a High-Yield Savings Account
You know that boring savings account that pays you, like, 15 cents a year? Yeah, it’s time to break up with it.
A high-yield savings account can earn you 10–15x more in interest with zero extra effort.
You’ll literally make money while doing nothing. Finally, something worth being lazy for.
Here’s how you make it work:
- Earn 4–5% interest instead of 0.01% with traditional banks.
- Access your cash anytime without penalties or waiting periods.
- Keep it risk-free, since your money’s FDIC-insured up to $250,000.
👉 Here's How You'll Do It: Open a high-yield savings account online, link your main checking account, and set up auto transfers every payday.
Make It Easy: Use a Betterment Cash Reserve Account to automate savings and earn higher daily interest without lifting a finger.
2. Try a Money Market Account
Ever wish your savings account acted more like a checking account?
A money market account gives you both. interest like savings, flexibility like checking.
It’s perfect if you want quick access to your cash and solid growth at the same time.
Here’s how you make it work:
- Earn higher interest than standard savings accounts while keeping liquidity.
- Write checks or use a debit card directly from the account.
- Keep your funds safe, since it’s also FDIC-insured like regular savings.
👉 Here's How You'll Do It: Visit your current bank’s website and check if they offer money market options. Transfer part of your savings there to test it out.
3. Lock in a Short-Term CD
If you’ve ever needed an excuse not touch your money for a while. This is it.
A Certificate of Deposit (CD) lets you earn more interest by agreeing to leave your cash alone for a set time.
It’s like telling yourself, “Hands off, future me will thank you.”
Here’s how you make it work:
- Lock your rate for 6–12 months to protect against market changes.
- Earn higher fixed interest than traditional savings accounts.
- Avoid spending temptations, since early withdrawals come with penalties.
👉 Here's How You'll Do It: Choose a short-term CD (under a year) so your money grows but stays accessible soon if you need it.
4. Open a Retirement Savings Account
It’s never “too early” to think about retirement, especially if you like the idea of future-you sipping iced coffee on a Tuesday morning.
A retirement account (like a Roth IRA) lets your money grow tax-free while you chill and live your life.
Even $25 a month can make a surprising difference down the road.
Here’s how you make it work:
- Contribute automatically every month to build wealth without thinking.
- Grow tax-free over decades with compound interest doing all the work.
- Withdraw later penalty-free, giving you peace of mind and flexibility.
👉 Here's How You'll Do It: Open a Roth IRA online and set up a small recurring transfer. just enough that you barely notice it leaving your checking account.
Make It Easy: Use Boldin to manage your retirement savings and get smart insights on how to grow it faster.
5. Invest in Low-Risk ETFs
If you’ve ever wanted to dip your toes into investing without risking it all. ETFs are your best friend.
They spread your money across hundreds of companies, so you’re not betting everything on one stock.
Think of it as the “budget-friendly sampler platter” of investing.
Here’s how you make it work:
- Start small with as little as $10 using online investing apps.
- Enjoy built-in diversification, which lowers your risk while earning steady returns.
- Earn dividends over time, which can be reinvested to grow even more.
👉 Here's How You'll Do It: Pick a low-risk ETF (like one tracking the S&P 500) and automate monthly contributions. set it and forget it.
Make It Easy: Use Betterment to invest automatically in low-risk ETFs suited to your goals and risk level.
📌 SAVE IT FOR LATER! 📌
