If you switch banks, remember that the new bank could drop its rates, too
But some companies' rates are falling more than others.
If you know you want to keep your money in savings, but your rate is dropping, should you switch high-yield savings accounts? Here are a few things to consider when making your decision.Maybe your account's rate has dropped to 0.26%. Your friend has an account with a different company, and their rate has only decreased to 1.50%. Should you consider switching to their bank?. "But I would look at it through the prism of 'Next week [the new bank account] could be at 0.26%.
"If your competition's at 0.26%, you could drop down to 0.62% and still be competitive," Mahaffy says. The problem is that we don't know whether a company's rate will drop or stay relatively high. If you decide to switch, remember that a falling rate is a possibility.Setting up a high-yield savings account isn't rocket science, but it does require a bit of time and effort.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
As rates go down, should you switch high-yield savings accounts? - Business InsiderIs your high-yield savings account's interest rate going down? Here's what to consider before switching to a new account.
続きを読む »
What to do with down payment money in high-yield savings account - Business InsiderIf you've been saving for a down payment and earning interest on your savings, you may be wondering if moving the money somewhere else is smart right now
続きを読む »
4 smart places to put your money when the stock market tanks - Business InsiderTurn to high-yield savings accounts and CDs for low-risk returns. But, investing in your brokerage and retirement accounts is still smart.
続きを読む »
4 signs it's time to tap into your emergency savings - Business InsiderHave you lost work due to the coronavirus? You may need to use your emergency savings to make ends meet. These four signs will let you know it's time.
続きを読む »
The coronavirus pandemic may be weakening US retail - Business Insider - Business InsiderWith states and cities closing nonessential stores in response to the coronavirus, retailers may lose the ability to make in-store sales altogether.
続きを読む »
How Instagram micro influencers make money from sponsored posts, rate - Business InsiderThe CEO of an influencer marketing agency shares how much 'micro' influencers earn per sponsored post, and when they should consider hiring a manager.
続きを読む »