Why I wish I'd opened a high-yield savings account instead of a CD - Business Insider

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

United States News News

United States United States Latest News,United States United States Headlines

'If I had known about high-yield savings accounts at the time, I would have definitely opened one over a CD'

In 2018, just two months after I graduated college, I walked into my local bank and opened two certificate of deposit accounts. I had some extra money saved up from jobs and internships throughout my time in college and was hoping to use that money to move out of my parents' house once I got a job.

It was truly the first financially "adult" thing I had ever done, and I thought this money move would put me on the path to immediate financial success. How do CDs work?

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 US
 

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

United States United States Latest News, United States United States Headlines

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

Why startup founders should be wary of corporate strategic investments - Business InsiderThe red flags that should make first-time founders think twice about asking big companies to invest in their startups
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why hiring music majors could be the hottest new trend on Wall Street - Business InsiderThese are the new skills needed to succeed on Wall Street in 2020 and beyond as banking giants embrace the digital age, according to two execs at $2.7 trillion asset manager State Street Wallstreet skills needed. 1. Lie 2. Cheat 3. Steal
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why Twitter is experimenting with a Stories-like feature - Business InsiderTwitter is trialing a Stories-like format in Brazil and via its mobile app, where users share fleeting thoughts through text, photos, GIFs, and video.
Source: BusinessInsider - 🏆 729. / 51 Read more »