Savings Corner
APRIL 4, 2024
It’s also why low-risk plays make for better short-term investments or a stash for your emergency fund. Most accounts are government-insured up to $250,000 per account type per bank, so you’ll be compensated even if the financial institution fails. You’ll want to avoid being locked into below-market CDs for too long.
Family Balance Sheet
JULY 10, 2023
You may have heard that interest rates on some savings accounts have gone up, so I pulled my head out of the sand and transferred the cash portion of our college savings to two separate savings vehicles: a 15-month CD and a high-yield savings account. I locked in the CD at my local credit union where it will earn 4.75% during that time frame.
Prairie Eco-Thrifter
MAY 26, 2016
Both are now old enough to open a bank savings account. I would go into the bank with my stubby little hands clutching my months worth of allowance (total of $1), deposit it and see the results right off printed in my book. Most of the time, the best we can expect from bank savings accounts has been from 2% to 5% before inflation.
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