In this video, I discuss what I believe is the easiest and simplest passive income stream, especially if you are only getting started on your 'Finance Journey'. Opening a High-Interest Savings Account only takes 5 minutes and you could be missing out by not looking into some of these accounts that are being offered by financial institutions, especially at this time when inflation is at all times high. 📧💰Get up to $1,000 of free IBKR stock when opening an account at Interactive Brokers with my link https://ibkr.com/referral/jemma406 TIMESTAMPS 0:00 - Intro 0:51 - Savings Account 2:47 - Passive Investing 3:11 - Compounding Effect 4:10 - High Interest Savings vs Traditional Savings 5:16 - Marcus, Chase 5:47 - Inflation I Money Loses Value 6:50 - Risk Free I FCA protected 7:29 - Tax Free 8:10 - Interest on Chase Current Account 🔗 CONNECT WITH ME 🎙Spotify ⁠https://open.spotify.com/show/5P3BPjurTTMKSRAwFLAPpz?si=8b835a5f86734ba⁠1 📲 Apple Podcast ⁠https://podcasts.apple.com/gb/podcast/figuring-out/id1677026977⁠ 🌍Instagram ⁠https://www.instagram.com/jemma.permalloo/ ♪ TikTok ⁠https://www.tiktok.com/@jemmapermalloo 📥 Email: [email protected] 🛠 RESOURCES & GEAR I USE 📷 Camera: https://amzn.to/46qSKTN 🎙️ Microphone: https://amzn.to/3PPkhHr 🦯 Microphone arm stands: https://amzn.to/3LYeIoW 🔭 Tripod: https://amzn.to/3FcbxpX 💡 Lighting: https://amzn.to/46mRhxO 🎥 This is how I jumpstarted Youtube with Ali Abdaal's PTYA (Part-time Youtuber Academy) course https://academy.aliabdaal.com/a/2147573862/AVMHdKz4 Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for education purposes only and the information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor.This description contains affiliate links that allow you to find the items mentioned on this channel at no cost to you.