Your Savings Account Could Be Costing Thousands a Year

The interest rate on your savings account isn't the full story. There's a real tax cost hiding behind it, and the amount depends on your income, your state, and your situation. The accounts many people assume are the safe, smart choice don't hold up once taxes actually enter the picture, and the ranking shifts again the moment your income, your state, or your life stage changes. If you're tired of guessing where your cash should sit, join Bill Harris in the first episode of Money Lab. Former CEO of PayPal and Intuit, founder of Personal Capital, he's spent three decades building the financial technology that's now behind Evergreen.ai, the free tool running the numbers. Try the calculator yourself at evergreen.ai/cashtaxes. LINKS Watch on YouTube: https://www.youtube.com/watch?v=jrwKBlcvau8 All Money Lab episodes: https://www.evergreen.ai/podcast Subscribe on YouTube: https://www.youtube.com/@Evergreen.ai.official?sub_confirmation=1 Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/id6812462469 Listen on Spotify: https://open.spotify.com/show/1YkCks77Nc5u7ypg1Fkg5j?si=2b66e971ba294571 Follow Bill Harris on LinkedIn: https://www.linkedin.com/in/1billharris Follow Evergreen.ai on LinkedIn: https://www.linkedin.com/company/evergreenaiofficial The characters in this episode are AI-generated composite avatars and are not real people, clients or users of Evergreen.ai or Evergreen Wealth Advisors. Any scenarios, simulations or projections are created for illustration only and do not represent actual results nor guarantee future outcomes. All investments involve risk, including the possible loss of principal. Evergreen.ai provides general education and calculators and may provide personalized advice when you share sufficient information about your finances. This is not legal, tax, insurance or estate planning counsel and is not a recommendation to buy or sell a security.