Passive income: NO

Earning passive income solely through a high-yield savings account is feasible, but the level of income generated may not be significant. Setting up a high-yield savings account is straightforward and typically requires minimal effort. However, the passive income earned from this approach is heavily influenced by the prevailing interest rates, which are currently quite low. Most individuals who pursue this option do not achieve substantial passive income solely from a high-yield savings account. It is more commonly used as a component of a diversified investment strategy rather than a primary source of passive income. While it can provide a steady, low-risk return, the potential for significant passive income is limited. Therefore, while passive income is possible, it may not be substantial for most individuals.