Tuesday, 15 June 2021
If you have some extra cash and are looking for a quick return, a 3-month certificate of deposit (CD) could be the handy savings tool you’ve been looking for. CDs with a 3-month term are typically the shortest CD offerings available. Because they’re such brief investments, 3-month CDs also tend […]
A savings account is a key component of everyone’s financial life, but not everyone needs the same thing from their savings account. We’ve outlined the best savings accounts in several categories to help you find the right one for your preferences, whether that’s earning a high interest rate, dodging fees […]
Updated on Monday, June 14, 2021 With support for cannabis legalization at an all-time high in the U.S., it shouldn’t come as a surprise that more people are investing in cannabis-related stocks. The latest MagnifyMoney survey of more than 1,200 investors found 43% currently invest in the cannabis industry. And […]
Sometimes you need a shorter-term CD, but the rate of return on a 12-month CD just isn’t quite enough. Thankfully, many institutions offer 18-month CD or 19-month CD options. They typically have higher rates than a 12-month account, while remaining a viable choice for near-term savings goals when a 24-month […]
Updated on Friday, June 11, 2021 If you’re looking for a better yield on your savings and have time to burn, a high-rate CD can be a great option. With a CD, you agree to lock up your funds in an account for a specific period of time and, in […]
Updated on Friday, June 11, 2021 Online savings accounts are the future of savings, with high yields, little to no fees and convenient 24/7 access. Our top savings account picks yield an average interest rate of 0.58% APY, far higher than the national average of 0.06% APY (according to the […]
Perhaps you’ve decided to build a CD ladder within your IRA, or maybe you’re looking for a safe way to store your retirement cash for a specific period of time. Whatever the reason, you’re interested in getting an IRA CD and, understandably, want to know what products will give you […]
Updated on Friday, June 11, 2021 If you’re looking to save more money beyond your regular savings account, consider adding a money market account (MMA) to the mix. A money market account can earn at a higher rate than a savings account, especially if you have a larger balance to […]
Conservative savers generally consider certificates of deposits (CDs) as sanctuaries where their money is kept safe and they enjoy a decent yield without stomaching the risk of investing in the stock market. With a CD, you agree to deposit your money in a bank or credit union for a fixed […]
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company. Updated on […]