- This topic is empty.
- AuthorPosts
- Jennifer
Not sure if this is helpful, but Ally bank has a penalty-free 11 month CD at 4.75% APY. No minimum deposit.
MatthewIt’s rarely worth it for the work and organisation you have to do… I personally don’t keep much in cash.
MelissaSeems to be a lot of work especially when interest rates keep changing. Maybe put some in an ibond and or CD for a year.
BillIf you are in one of the big banks, it’s absolutely worth it that first time to find a HYSA or money market fund. After that? I think the people switching more often are generally chasing sign up bonuses not rates. If you can get $250 on a $10k balance, that is a lot more value than $250 while tying up $50k.
As for who keeps that much cash? If you spend $100k, $50k could be your emergency fund. Or if you are retired, you might have 2 years in cash/cds.
- AuthorPosts
Related Topics:
- Is it wise to keep 80% of your savings in HYSA or Money Market funds?
- CRNA student with extra income: Invest, save, pay ahead?
- Is buying back 4 years of pension for $330K worth it?
- Should I adjust my savings allocation with rate cuts?
- What’s a good amount of savings for a 35-year-old?
- High-yield savings for elderly + tax on POD account?
No related posts.