Aren't sure high-yield savings is for you? Here's the info you need to decide
As people get smarter about their savings, more banks are offering a high-yield savings option.
The money isn't invested, meaning there's no risk, and you can take it out earlier than you plan if you must, unlike with a CD. However, did you know that saving large sums in a checking account, or even a traditional savings account, isn't much better? It's more secure than your mattress, sure — but it's not growing. Checking accounts, and even traditional savings accounts offered by big banks, generally offer a fraction of a percent in interest, meaning over time, your cash is worth less as inflation marches on.
The only difference between regular and high-yield savings that matters is the one that earns you 20 times more on your money
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
My financial adviser's advice changed how I see my retirement savings - Business Insider'The one thing you don't want to do is treat your retirement accounts like an emergency fund,' she told me. And now I'm resolved never to do it.
Consulte Mais informação »
10 things in tech you need to know today - Business InsiderBusiness Insider found where Amazon is building a factory to make internet satellites, and over 3,000 Ring users' passwords were leaked online.
Consulte Mais informação »
Early DoorDash backers saw big things ahead for the food-delivery firm - Business InsiderDoorDash, the $12.7 billion food delivery startup, could make or break tech IPOs in 2020. Early investors explain why they backed the company and its founder.
Consulte Mais informação »
The 5 things socially intelligent people do, according to a career coach - Business InsiderAdopt the mindset of a student and learn from the perspectives, thoughts, and feelings of the people around you.
Consulte Mais informação »
13 things mentally strong people don't do - Business InsiderAmy Morin wrote in her book '13 Things Mentally Strong People Don't Do' that developing mental strength is a 'three-pronged approach.'
Consulte Mais informação »
After I got pregnant, the first thing I bought was life insurance - Business InsiderBuying life insurance, building an emergency fund, saving for retirement. They're all things we know we should do, but don't always make the time.
Consulte Mais informação »