Personal Finance on Yik Yak | Do not park your money in any “savings” account that doesn’t at least give you 4% interest. Use “high-yield” savings accounts instead (e.g. Barclays, Goldman Sachs, etc.)

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Personal Finance 8w

Do not park your money in any “savings” account that doesn’t at least give you 4% interest. Use “high-yield” savings accounts instead (e.g. Barclays, Goldman Sachs, etc.)

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Anonymous 8w

I had that with Fidelity but then the interest rates dropped 🥀

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Anonymous 7w

3.5 seems about what HYSAs are doing rn, 4% and above and you need a MMA

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Anonymous

#1 8w

The default money market had a 7 day yield at 5% but it’s dropped to 4% now like everywhere else. You can get bigger returns than that if you invest in riskier debt btw. Some companies can pay you twice what the govt. does to borrow your money.

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