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Thoughts on Cash

Thoughts on Cash

| January 18, 2024

❓Is your cash/savings at a large national bank? Consider this:

‼️You’re probably getting close to 0% interest rate on your savings.

➡️Consider opening a high yield savings account. Open one with an established institution. Interest rates currently are around 4.3-5% as a quick internet search will show.

We talk about more than just stocks/bonds with clients. Cash, house payoff strategies, rental home analysis, car buying strategies, talking to your kids about money and obviously retirement planning, tax considerations, education savings and so on…

High-yield savings accounts have variable interest rates that may change at any time. Rates may also be set high for a limited time or for a maximum deposit amount. Minimum balances, monthly fees, and withdrawal conditions may apply.