where are you gonna get 3-4% interest rate on a regular savings account? barely get that on a CD, and with a CD that moneys locked up until the end of its term (though maybe withdrawable early with a penalty…)
Most savings accounts i’ve seen anymore, you’re lucky to get .25% of interest, and thats on the high end
I know one bank that has like…a 3% interest rate, but it also severely restricts you to a certain number of transactions on that account per cycle. yes that includes bills being paid and debit card transactions. (edit) I suppose that limit doesnt mean shit if you just move your interest out to another normal account once a year…
You can get one now at that is 3.2% Ally bank. But this would not be a single saving account, I assume I’ll need to have investments and also would need to diversify to get the best return for the least effort. I will probably mostly have ETFs and mutual funds, but also savings and CDs.
where are you gonna get 3-4% interest rate on a regular savings account? barely get that on a CD, and with a CD that moneys locked up until the end of its term (though maybe withdrawable early with a penalty…)
Most savings accounts i’ve seen anymore, you’re lucky to get .25% of interest, and thats on the high end
I know one bank that has like…a 3% interest rate, but it also severely restricts you to a certain number of transactions on that account per cycle. yes that includes bills being paid and debit card transactions. (edit) I suppose that limit doesnt mean shit if you just move your interest out to another normal account once a year…
You can get one now at that is 3.2% Ally bank. But this would not be a single saving account, I assume I’ll need to have investments and also would need to diversify to get the best return for the least effort. I will probably mostly have ETFs and mutual funds, but also savings and CDs.