Money Advice: Where should you put your savings?
- Thread starter playahaitian
- Start date
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High yield savings account
Can you recommend any? Many I find are online and I'm not sure if I trust it.
Nerdwallet Compares banks high yield savings accounts ...pay attention to the APY . Everbank has the highest APY at 4.30%
Best High-Yield Savings Accounts of July 2025: Up to 4.66% - NerdWallet
The best high-yield savings accounts have high APYs, low fees and are federally insured.
My bad Ever Bank doesn't have the highest
Look into CD 's and Treasury Bills also
What Is a Certificate of Deposit (CD)? - NerdWallet
A certificate of deposit, or CD, is a type of savings account with a fixed interest rate usually higher than a regular savings account's rate.
Look into CD 's and Treasury Bills also
What Is a Certificate of Deposit (CD)? - NerdWallet
A certificate of deposit, or CD, is a type of savings account with a fixed interest rate usually higher than a regular savings account's rate.www.nerdwallet.com
It's funny when i was younger especially in the 80s CDs were very popular and fell off.
I didn't think people still invest in those.
Personally, I keep most of my cash which constitutes emergency fund, anticipated tax bills and SHTF insurance in a HYSA and use Ally. Now there are others like SoFi, Marcus by GoldmanSacks and CitBank. When inflation was high as hell, I was getting around 4.2%. Doesn't sound like much but do a comparison between what a brick and mortar offers vs an online bank (less overhead; higher yields).
The investment vehicles that lock your funds in like Bonds, CDs and the like are good if you have a good strategy and don't need the money right away. The Step Bond strategy I have heard investors using seems to work for some.
The investment vehicles that lock your funds in like Bonds, CDs and the like are good if you have a good strategy and don't need the money right away. The Step Bond strategy I have heard investors using seems to work for some.
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Look into whole life and universal life insurance which offer cash value investments
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