Savings Accounts

Posted byVNunezPosted inSavingsTags:, 
<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-3297454850587592"
     crossorigin="anonymous"></script>

on.mktw.net/436J7bI

Now that rates are going up, interest that banks pay on a savings account should also go up right?

Well, yes, you can find some high-yield savings account products but there are banks that are not raising rates as fast as the fed is raising rates.

Before you decide if you should keep your money in the bank, take a look at what interest rate you are earning, find out if interest is compounded monthly, and decide how much you want to keep in your savings account.

Published by VNunez

I began my personal financial planning journey to learn how I could gain control of my financial future. Instead of relying on others to help me make sound financial decisions such as retirement savings, building wealth, accumulating cash, protecting my assets, and creating generational wealth for my family, I decided to learn and pass on valuable information to help families learn how to save and grow their money.

Leave a Reply