What to do with emergency savings if high-yield savings rate is low - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Fed's interest rate cuts have sent APYs on high-yield savings accounts to new lows. So should you leave your money alone? Or move it elsewhere?

Let's explore each of those options to make sure you're getting the absolute most bang for your buck, even during these extremely uncertain times.I wish I could tell you that there's a high-yield savings account out there that hasn't been affected by the sliding markets, but that sadly isn't the case.

If you do decide to switch savings accounts, just remember to ask yourself how much energy you're comfortable expending on a constant search for the best possible rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

iwoca debuts lending platform for third parties - Business Insider - Business Insideriwoca's new platform will help it diversify its distribution channel and third parties to offer SMBs a well-rounded service
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Smart City Journey Report from Business Insider Intelligence - Business Insider[NEW REPORT] The Smart City Journey: BIIntelligence takes a deep dive into evolving smart city solutions to provide a roadmap for master systems integrators
Source: BusinessInsider - 🏆 729. / 51 Read more »

US jobless claims surge to 2-year high as unemployment spikes on coronavirus - Business InsiderUS jobless claims rose to 281,000 for the week ending March 14, exceeding economist estimates for a 220,000 increase.
Source: BusinessInsider - 🏆 729. / 51 Read more »