3 ms·
Banks offer 3% and above now. https://www.nerdwallet.com/m/banking/standout-online-savings-accounts-5 https://www.nerdwallet.com/m/banking/standout-online-savi
by bufferoverflow 4y ago
Banks offer 3% and above now.
https://www.nerdwallet.com/m/banking/standout-online-savings-accounts-5 https://www.nerdwallet.com/m/banking/standout-online-savings...
CDs as high as 3.6%
https://www.marcus.com/us/en/savings/high-yield-cds https://www.marcus.com/us/en/savings/high-yield-cds
Still much lower than the inflation though.
- nostrademons 4y agoIt's a different set of banks. I've got a high-yield online-only savings account that paid 2% or so last time I checked. I've also got a checking account with a brick & mortar bank that pays something like 0.01%, and the savings and money market options at that institution aren't much better.
- bufferoverflow 4y agoSo? Move your money to the one that pays higher APY.
- anigbrowl 4y agoYou're missing the point that B&M banks still have a great deal of market share. https://wallethub.com/edu/sa/bank-market-share-by-deposits/25587 https://wallethub.com/edu/sa/bank-market-share-by-deposits/2...