With inflation on the rise, it’s more important than ever to make your hard-earned money work as smart as possible. If you’ve been keeping any excess cash in a traditional checking or savings account that’s earning you less than nothing, the time to switch it up is now. Here’s why traditional bank accounts are not going to cut it, and why you should be looking for alternatives.
Most banks will require you to maintain a minimum balance and will charge you fees if you don’t. But if circumstances change and unpredictable expenses arise, those excess charges certainly don’t help. At Hush, we don’t have a minimum balance requirement, as we believe that it’s more important to build and maintain the habit of saving and investing regularly, regardless of your current financial situation.
It’s no secret that most regular savings accounts only offer fractions of a cent in interest for each dollar you put in. But with the rising cost of living, that negligible amount in interest means you’re actually losing money, since the money that sits in your account gradually loses purchasing power. A High Yield Savings Account is better, still not enough to keep up with inflation, and still might have a minimum balance requirement. For long-term financial health, you need something more robust: Hush combines the performance of an intelligent investing account with the convenience of a checking account.
Juggling income, expenses, and savings can be tedious, inefficient, and unpredictable. Traditional banking requires you to constantly check where your money is coming and going, without giving you any indication of whether you’re making good money decisions. With a Hush account, you can automatically set aside an amount of your choice every week, making your savings more predictable and more manageable. You can adjust at any moment and withdraw at any time, empowering you to automatically make good decisions on your terms.
If you find yourself in a situation where you need cash fast, some accounts don’t make it easy to withdraw or make transfers between different accounts, especially between different institutions. With Hush, you can withdraw your money at any time, no questions asked, and receive your funds within just a few business days.
Don’t be complacent with your money: there’s a better way to manage your finances. Download Hush today and experience the difference.
Investing involves risk, including loss of principal. Please consider, among other important factors, your investment objectives, risk tolerance and Hush app pricing before investing. Investment advisory services offered by NINE30 Advisors LLC (NINE30), an SEC-registered investment advisor. Securities brokerage services are provided by Alpaca Securities LLC ("Alpaca Securities"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.
No Guarantee of Wealth Accumulation: The tagline 'Get rich slow' is intended to describe a disciplined, long-term investment strategy and does not guarantee wealth accumulation. Investors should be aware that all investments carry risks, including the potential for loss of principal. Past performance is not indicative of future results. Risk Disclosures for Investment Strategy: Investing in any strategy involves inherent risks, including the risk of loss. The potential for gains or losses depends on market conditions and other factors beyond our control. Clients should carefully consider their financial situation, investment objectives, and risk tolerance before pursuing any investment strategy. Balanced Presentation of Performance: All strategies and past performance data presented in this material are based on historical analysis and are not predictive of future performance. Investments may not perform as expected, and actual outcomes may vary. We do not guarantee future results, and clients should fully understand the risks involved.
A properly suggested portfolio recommendation is dependent upon current and accurate financial and risk profiles. Clients who have experienced changes to their goals, financial circumstances, or investment objectives, or who wish to modify their portfolio recommendation, should promptly update their information in the Hush app. All percentage return numbers or other performance related numbers shown are hypothetical.
Simulated or backtested data represents hypothetical results and is presented for illustrative purposes only. These results do not reflect actual trading and may not be indicative of future performance. Past performance, whether simulated or actual, is not a reliable indicator of future outcomes. Investors should not assume that similar returns will be achieved. All investments carry the risk of loss, and investors may lose some or all their principal. Please review the advisory contract and Form ADV Part 2A Narrative for further details regarding fees, risks, and other important information.
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The ETFs comprising the portfolios charge fees and expenses that will reduce a client’s return. Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. Investment policies, management fees and other information can be found in the individual ETF’s prospectus. Please read each prospectus carefully before investing.
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