last modified on Sat, 19 Aug 2023
Start investing early because compound interest and time are you greatest resource.
When it comes to setting saving accounts’ interest rates with regard to the interest rate that banks enjoy from the fed , banks are downwards-flexible and upwards-sticky. Depositors lose the tune of $100b when interest rates are rising.
One is better off with special accounts such as Marcus by Goldman Sachs (1.05% APY) or Ally (1.00% APY) or PNC High Yield (1.00% APY) . Some of these accounts are limited to US citizens.
When it comes to setting saving accounts’ interest rates with regard to the interest rate that banks enjoy from the fed , banks are downwards-flexible and upwards-sticky. Depositors lose the tune of $100b when interest rates are rising.
One is better off with special accounts such as Marcus by Goldman Sachs (1.05% APY) or Ally (1.00% APY) or PNC High Yield (1.00% APY) . Some of these accounts are limited to US citizens.
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