You're not getting much additional yield by tying up your money for longer periods of time.
More Quotes from Greg McBride:
Eighty-six percent of institutions will charge you for using a different bank's ATM.Greg McBride
It's the price of not doing business with a particular institution. Just as non-account holders bear the costs associated with an ATM network, banks are now assessing non-account holders for in-branch check cashing,
Greg McBride
With bank fees rising and interest checking accounts remaining at low yields, consumers need to be more conscientious than ever in finding the best options for their money.
Greg McBride
What we're seeing here is a growth in the punitive type of fees. The fees are really going to get you if you step outside the bounds set by financial institutions.
Greg McBride
In that case, you are easily looking at a 9-month, maybe a year, interest penalty.
Greg McBride
I don't think there is any doubt that credit standards are tougher at this point than they were a year ago. The very best rates only go to the very best credit profiles.
Greg McBride
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