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.
Savings Corner
APRIL 4, 2024
Building a portfolio that has at least some less-risky assets can be useful in helping you ride out volatility in the market. It’s also why low-risk plays make for better short-term investments or a stash for your emergency fund. You’ll want to avoid being locked into below-market CDs for too long.
Prairie Eco-Thrifter
MAY 26, 2016
Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data. The FDIC shows the US national average payout for savings accounts less than $100,000 is.06%.
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