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I can tell you that I save a bunch of money by simply not giving a **** what other people do/have, nor
do I care what I do/have.
Er, correction, I don't care what other people think about what I do/have. i.e. 'it's not the latest and greatest' or whatever
I certainly don't buy something that's junk/not worth the money.
My ally bank just increased their high yield savings account to 1.85%...
But with inflation estimated at about 2% or so...I'm hoping to look at accounts that will generate close to 2% for savings: https://www.doctorofcredit.com/high-...avings-to-get/
If you can deal with a fixed deposit term, a lot of CDs available through Charles Schwab are paying over 2%, and many of those CDs have 6 month maturity dates.
My guess is that other brokerages will have similar FDIC-insured CD offerings at 2%+.
Yeah most CDs now are at least 2%. Though I don't see 6mo maturity CD go that high....there are ones above 2.5 for like 9-13mo terms.
I'll have to look into those as well...
03-30-2017, 03:40 PM
