Looking for the best money saving tips? In this video, I’ll share how to save money fast, even with a small salary or low income, by using high-yield cash management accounts instead of traditional checking accounts. Learn money-saving hacks with FDIC-insured options like Interactive Brokers (IBKR), Fidelity’s Cash Management Account, and high-yield savings accounts like Marcus by Goldman Sachs. These money tips will help you maximize interest, grow your savings account, and even generate passive income while keeping your money safe. Don’t let your cash sit idle—watch now to upgrade your personal finance strategy and make the most of your money!
*Interactive Brokers Links*
🔗 *IBKR Cash Management →* https://ryano.finance/ibkr-cash
📊 *IBKR Interest Calculator →* https://ryano.finance/ibkr-cash-interest
💰 *IBKR Deposit Sweep Program →* https://ryano.finance/ibkr-sweep
🏦 *Fidelity Cash Management →* https://www.fidelity.com/spend-save/fidelity-cash-management-account/overview
🏦 *Marcus By Goldman Sachs →* https://www.marcus.com/us/en
Chapters
0:00 – Many Experts Don’t Use Traditional Banks
1:25 – The Interest Rates Checking’s Accounts Pay
2:39 – Method 1: For People W/ High Cash Balances (IBKR)
5:00 – Method 2: For People W/ Low Cash Balances (Fidelity)
6:53 – High Yield Savings Accounts (Marcus by Goldman Sachs)
*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
This content is provided by a paid Influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success.
None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website.
Interactive Brokers is a FINRA registered broker and SIPC member, as well as a National Futures Association registered Futures Commission Merchant. Interactive Brokers provides execution and clearing services to its customers. For more information regarding Interactive Brokers or any Interactive Brokers products or services referred to in this video, please visit http://www.interactivebrokers.com.
Interactive Brokers LLC is a U.S. Broker/Dealer and not a Bank, as such Interactive Brokers’ accounts are not eligible for FDIC coverage, but are insured through SIPC. For additional information about SIPC coverage please visit http://www.sipc.org
Interactive Brokers (IB) cash balances are not directly protected by the FDIC. However, IB’s Insured Bank Deposit Sweep Program provides FDIC insurance for eligible clients.
Rates as of February 4, 2025. *Rate shown applies to IBKR Pro clients only. Positive settled cash balances held in the securities segment of accounts with NAV greater than 100k earn the stated interest rate and those with NAV less than 100k earn a proportional rate. Cash held in the commodities segment of an account does not earn interest. Rates are subject to change.
Any trading symbols, entities or investment products displayed or named in this podcast are for illustrative purposes only and are not intended to portray recommendations.
