Starport Seven-Five
DIS Veteran
- Joined
- Aug 16, 2019
This is the website I always visit for things like this: https://www.doctorofcredit.com/high-interest-savings-to-get/
To be honest, the best use of funds like that right now is chasing bank signup bonuses. Interest rates are low and you can earn more with 1 sign up bonus than you can in interest. This is their page listing best sign up bonuses: https://www.doctorofcredit.com/best-bank-account-bonuses/
To be honest, the best use of funds like that right now is chasing bank signup bonuses. Interest rates are low and you can earn more with 1 sign up bonus than you can in interest. This is their page listing best sign up bonuses: https://www.doctorofcredit.com/best-bank-account-bonuses/
I agree that chasing rates it is a bad idea (because 0.7% is not significantly better than 0.6%) but even 0.60% on 25k is $150 per year. It's better than nothing and reduces the losses you experience to inflation.Yep. Chasing yield is a bad idea. My emergency funds are all in my checking account. It's not worth doing savings, CDs, or treasuries because the short term yield is almost zero anyway.