But some companies' rates are falling more than others.
If you know you want to keep your money in savings, but your rate is dropping, should you switch high-yield savings accounts? Here are a few things to consider when making your decision.Maybe your account's rate has dropped to 0.26%. Your friend has an account with a different company, and their rate has only decreased to 1.50%. Should you consider switching to their bank?. "But I would look at it through the prism of 'Next week [the new bank account] could be at 0.26%.
"If your competition's at 0.26%, you could drop down to 0.62% and still be competitive," Mahaffy says. The problem is that we don't know whether a company's rate will drop or stay relatively high. If you decide to switch, remember that a falling rate is a possibility.Setting up a high-yield savings account isn't rocket science, but it does require a bit of time and effort.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
3 places to put your money when you're worried the stock market is too risky - Business InsiderIf you don't want to put money in the stock market, try putting cash in a high-yield savings account, CD, or money-market account.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
The coronavirus pandemic may be weakening US retail - Business Insider - Business InsiderWith states and cities closing nonessential stores in response to the coronavirus, retailers may lose the ability to make in-store sales altogether. Ya think lortyvon L’augmentation des taxes est là
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
3 critical ways you can strengthen your business during the pandemic - Business InsiderBy adapting to the way things are currently, you're more likely to survive and then thrive when it's over.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Coronavirus: Five key business stories to watch amid economic chaos - Business InsiderStartups are going to shut down. Hedge funds will go out of business. Cord cutting will accelerate. And work will never be the same again.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
How sports-betting industry is responding to coronavirus outbreak - Business InsiderSports-betting insiders describe cost-cutting and creative efforts to keep their businesses on track, as well as the companies most at risk.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
15 bourbons that should be on your radar, according to 3 bourbon experts - Business Insider'All bourbons are whiskey, but not all whiskeys are bourbon.' Three bourbon masters told Business Insider what bourbons were the best. Gillian_Brassil ellcasad0 mustafaekeke
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »