Why I'm keeping cash in a high-yield savings account despite rates - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

A financial planner convinced me to keep my money in a high-yield savings account, even though my interest rate is below 1% and dropping

at a bank that offered 1.7% interest . It was a huge difference and a mistake I never wanted to make again.Back in April, when the Federal Reserve started slashing interest rates, I watched my APY drop from 1.7% to 1.5%, then below 1%.

Vazza usually recommends high yield-savings accounts for clients' emergency funds, because the rates are more competitive than typical bank savings accounts. Even though high-yield savings account interest rates are fluctuating quite a bit, Vazza suggested leaving my cash alone because these rates are still competitive compared to other options, like bonds or CDs, which are also dropping lower and lower. With so much unknown and an ongoing fear that one day I'll run out of cash, I always liked knowing that I could take money out of my high-yield savings account without any penalties.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 729. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

You might want to delete the tweet and repost without the error, you wrote 1%

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business Insider webinar: How to invest ahead of 2020 election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I think there is a mistake coz you put Tom Lee's picture instead. You're welcome.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Senate confirms Amy Coney Barrett to the Supreme Court despite opposition from Democrats - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. —— SHAM! Vote EVERY Republican OUT and may they never hold a majority seat EVER again. VOTE Congrats it is the presidents job to appoint Supreme Court judges, just another job done well by our President. Yup. Queue wining comments below.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Today's best mortgage and refinance rates: Tuesday, October 27, 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. this is terrible news
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Pandemic fatigue looms over record-high new daily COVID-19 cases - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. HerdImmunity...bring it on! Not really an accurate take that people are too tired to care - people are turning out for Biden largely bc we want to get Covid under control Suppose we made an analytical decision that COVID is dangerous enough for the elderly or people with comorbidities that they should take extreme protective measures, but that the cost-benefit favored a return to normalcy (with masks and distancing) for everyone else...
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

VIX soars to 4-month high as COVID-19 cases spur stock-market worry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »