Uploaded July 2026 | Updated September 2026, 3 weeks ago
✅ Use this link to try Boldin personal financial planning software FREE for 2 weeks: https://hlyshm.it/Boldin
Learn why banks pay such low interest rates on savings accounts and how you can earn more without taking on additional risk. We cover how banks make money from your deposits, promotional interest rates, deposit beta, high-yield savings accounts, Treasury bills, money market funds, certificates of deposit (CDs), and the hidden strategies banks use to keep your money earning less.
CHAPTERS
0:00 Why Banks Keep Your Savings Rate So Low
1:47 How Banks Profit From Your Deposits
3:46 The Real Reason Banks Offer Promotional Rates
6:33 Why Most People Never Move Their Money
9:40 Deposit Beta: Why Banks Raise Rates Slowly and Cut Them Fast
11:33 The Hidden High-Yield Savings Account at Your Bank
13:28 The Fine Print Behind Bank Interest Rates
14:52 Four Safe Alternatives That Can Earn You More
17:01 Final Takeaways and Next Steps
___________
✅ 100% FREE DOWNLOADS - (NO CREDIT CARD, NO PHONE NUMBER)
Take Our 2 Minute Retirement Readiness Quiz
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2026 Social Security Quick Guide
1 Page Report e-mailed instantly: HolySchmidt.com/QuickGuide
Retirement Ready Checklist. Checklist for Important Retirement Decisions
HolySchmidt.com/Checklist
Health Insurance Options in Retirement Report
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Note: You will also be added to our list and receive free tips, tricks and other useful information by email a few times per week. Of course you can unsubscribe at any time.
___________
✅ GET GEOFF’S COURSE, SOCIAL SECURITY SIMPLIFIED
Confused about how Social Security works for you? Go from beginner to confident in under 5 hours with our course: Social Security Simplified. Get $60 off with coupon code: 60OFF
HolySchmidt.com/SocialSecurity
___________
✅ COMPANIES WE SUPPORT AND SPONSOR
CHAPTER
Talk to our partner, CHAPTER, the only Medicare Advisor we recommend. CHAPTER provides friendly, unbiased help and saves clients an average of $1100 per year - always 100% free to you.
Call 1- 440-703-1224 and tell them "Geoff Schmidt sent you," or click this link to get started: https://hlyshm.it/Chapter
Please note: On this channel we only have 3 affiliate relationships. Chapter and Boldin are two of the three. If you purchase their product or use their service, we receive a small fee. This does not increase your cost. Affiliates help us pay for the cost to operate the channel.
___________
Geoffrey Schmidt, CPA Bio:
Geoff Schmidt is a CPA and member of the American Institute of Certified Public Accountants (AICPA). Geoff specializes in personal financial education for those approaching or in Retirement. Geoff spends 100% of this time on financial education through social media.
Legal disclaimer:
Chapter Advisory, LLC (“Chapter”) is a private health insurance agency. In California, Chapter does business as Chapter Insurance Services (Lic. No. 6003691). Chapter is not affiliated with or endorsed by any government entity. While Chapter has a database of every Medicare plan option nationwide and can help you to search among all options, it has contracts with many but not all plans. As a result, Chapter does not offer every plan available in your area. Currently, Chapter represents 50 organizations which offer 18,601 products nationwide. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.
Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.
✅ Use this link to try Boldin personal financial planning software FREE for 2 weeks: https://hlyshm.it/Boldin
Learn why banks pay such low interest rates on savings accounts and how you can earn more without taking on additional risk. We cover how banks make money from your deposits, promotional interest rates, deposit beta, high-yield savings accounts, Treasury bills, money market funds, certificates of deposit (CDs), and the hidden strategies banks use to keep your money earning less.
CHAPTERS
0:00 Why Banks Keep Your Savings Rate So Low
1:47 How Banks Profit From Your Deposits
3:46 The Real Reason Banks Offer Promotional Rates
6:33 Why Most People Never Move Their Money
9:40 Deposit Beta: Why Banks Raise Rates Slowly and Cut Them Fast
11:33 The Hidden High-Yield Savings Account at Your Bank
13:28 The Fine Print Behind Bank Interest Rates
14:52 Four Safe Alternatives That Can Earn You More
17:01 Final Takeaways and Next Steps
___________
✅ 100% FREE DOWNLOADS - (NO CREDIT CARD, NO PHONE NUMBER)
Take Our 2 Minute Retirement Readiness Quiz
Receive Our Free 12 Page Custom Report e-mailed instantly: HolySchmidt.com/Quiz
2026 Social Security Quick Guide
1 Page Report e-mailed instantly: HolySchmidt.com/QuickGuide
Retirement Ready Checklist. Checklist for Important Retirement Decisions
HolySchmidt.com/Checklist
Health Insurance Options in Retirement Report
HolySchmidt.com/FreeReport
Note: You will also be added to our list and receive free tips, tricks and other useful information by email a few times per week. Of course you can unsubscribe at any time.
___________
✅ GET GEOFF’S COURSE, SOCIAL SECURITY SIMPLIFIED
Confused about how Social Security works for you? Go from beginner to confident in under 5 hours with our course: Social Security Simplified. Get $60 off with coupon code: 60OFF
HolySchmidt.com/SocialSecurity
___________
✅ COMPANIES WE SUPPORT AND SPONSOR
CHAPTER
Talk to our partner, CHAPTER, the only Medicare Advisor we recommend. CHAPTER provides friendly, unbiased help and saves clients an average of $1100 per year - always 100% free to you.
Call 1- 440-703-1224 and tell them "Geoff Schmidt sent you," or click this link to get started: https://hlyshm.it/Chapter
Please note: On this channel we only have 3 affiliate relationships. Chapter and Boldin are two of the three. If you purchase their product or use their service, we receive a small fee. This does not increase your cost. Affiliates help us pay for the cost to operate the channel.
___________
Geoffrey Schmidt, CPA Bio:
Geoff Schmidt is a CPA and member of the American Institute of Certified Public Accountants (AICPA). Geoff specializes in personal financial education for those approaching or in Retirement. Geoff spends 100% of this time on financial education through social media.
Legal disclaimer:
Chapter Advisory, LLC (“Chapter”) is a private health insurance agency. In California, Chapter does business as Chapter Insurance Services (Lic. No. 6003691). Chapter is not affiliated with or endorsed by any government entity. While Chapter has a database of every Medicare plan option nationwide and can help you to search among all options, it has contracts with many but not all plans. As a result, Chapter does not offer every plan available in your area. Currently, Chapter represents 50 organizations which offer 18,601 products nationwide. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.
Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.
