How to choose a savings account when you're overwhelmed by options - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A savings account is a liquid, accessible, and safe place to keep money you might need in the next few years

Traditional savings accounts do earn interest, but generally very little.the average savings account has a .09% interest rate. A high-yield savings account will help your money grow much faster, earning 1.5% to 2% interest per year. This isn't the kind of growth that will earn you a fortune, but consider it compared to the average savings account interest rate — it's up to 20 times more..

There's not too much pressure here, as you'll be able to access or move your money any time, and there's no long-term commitment. Plus, you can open as many savings accounts as you'd like, so you're not tied to just one. There are lots of great options for savings accounts these days. Find one that you know you'll use and love, and that's the best option for you.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Las cuentas de ahorros son importantes siempre y cuando esté diseñada a la medida o para la persona indicada, pero para que el ahorro sea un éxito dependerá de las desiciones inteligentes en cuanto a la administración que se quiera hacer del dinero en el futuro carlosamarin

Crypto staking 👍

At the moment though, your more like to have to pay to keep money in even a savings account. Try a property fund instead.

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

6 signs you're using the wrong savings account - Business InsiderIf you're tempted to spend your savings, feel like saving is a chore, or constantly struggle with the app, it's time to switch savings accounts. Mind your business
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why I wish I'd opened a high-yield savings account instead of a CD - Business InsiderOpening two CDs seemed like a safe bet — a way to grow her money without investing it in the stock market. But it turned out to be the wrong move.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dispensed Business Insider's weekly healthcare newsletter March 6 - Business InsiderDispensed: How the US is confronting the novel coronavirus, Oscar and Clover's 2019 financial results, and the big business of direct-to-consumer healthcare
Source: BusinessInsider - 🏆 729. / 51 Read more »

Internet of Things Report - Business Insider - Business Insider[NEW REPORT] Internet of Things 2020: BIIntelligence takes a look at its fourth annual Global IoT Executive Survey, detailing the components that make up the IoT ecosystem
Source: BusinessInsider - 🏆 729. / 51 Read more »

Shops in NYC's Chinatown are losing business due to coronavirus fears - Business InsiderThe downturn began even before the coronavirus reached New York City, and coincides with a rise in anti-Chinese sentiment. suemarino 😪 Just wait. Shops everywhere are losing money where I am :) You'll wish it was just chinatown too bad because the food is so wholesome and healthy
Source: BusinessInsider - 🏆 729. / 51 Read more »

TIAA employee gets coronavirus, WeWork office shutters - Business InsiderAn employee at investment giant TIAA has contracted coronavirus, and the Manhattan WeWork office where they were working has been closed for cleaning
Source: BusinessInsider - 🏆 729. / 51 Read more »