There were many years where the Fed Funds rate was as low as 1 percent and interest rates on savings products were awful, but that has really turned around for savers.
More Quotes from Laura Bruce:
You're going to pay 1.50 in two ways. You're going to owe 1.50 to the company or the bank that owns the ATM and then your bank is very likely to going charge you a fee. More than likely, it'll be another 1.50.Laura Bruce
Online high-yield savings accounts make an awful lot of sense for those that want to keep their savings accounts growing. It doesn't make sense to clip coupons and save a few cents at the grocery story but not take advantage of a higher yield that you don't have to do anything for.
Laura Bruce
The highest-yielding CDs might not be at the bank around the corner, but they are perfectly safe and FDIC-insured.
Laura Bruce
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