Anybody here got a high interest savings account?

ThaBronxBully

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If You’re Looking Long Term And Not Gonna Touch It Then Invest It In A Mutual Or Index Fund, All Banks Interest Rates Suck, Even The Highest One Is Trash

They’ll Suck You In With A “High” APY Then Send You An E Mail A Month Later Saying It’s Gone Down Lmao

You Could Probably Buy Stock In Apple And Make More Back In A Year
 
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Brolic

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Your money won’t really grow in a HYSA. The interest rate is like .5%. Look into stable coins if you want legit APY. You can get 8-10%.
 

Ezekiel 25:17

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If You’re Looking Long Term And Not Gonna Touch It Then Invest It In A Mutual Or Index Fund, All Banks Interest Rates Suck, Even The Highest One Is Trash

They’ll Suck You In Then Send You An E Mail A Month Later Saying It’s Gone Down Lmao

You Could Probably Buy Stock In Apple And Make More Back In A Year

I'm still borderline retarded when it comes to finances. :unimpressed:


I just read about your second point.

And I already got a Roth IRA with a couple shares in Fidelity 500 Index Fund FXAIX. So i guess I'm might be gucci then.:ehh:

Speaking of which, what's considered a high interest rate? Chase is 0.01. Alley is 0.50 depending on how long you stay
 

Admiral Ackbar

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Your local credit union probably has higher interest rates than the big banks.

If you need something higher, look at IRAs, CDs, or mutual funds. I ain't gonna rec unregulated crypto.
 

ThaBronxBully

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I'm still borderline retarded when it comes to finances. :unimpressed:


I just read about your second point.

And I already got a Roth IRA with a couple shares in Fidelity 500 Index Fund FXAIX. So i guess I'm might be gucci then.:ehh:

Speaking of which, what's considered a high interest rate? Chase is 0.01. Alley is 0.50 depending on how long you stay


High Is Considered 1.25 Or whatever

But Like I Said, It’s Almost A Guarantee That You’ll Get An E Mail Within A Month Saying “We’re Sorry The Rate Has Changed”
 

Kuro

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I dont think those have existed since 2007…
 
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