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When it comes to saving, the rules are simple: the longer you can part with your money, the more interest you’ll earn. That’s why checking accounts pay very little, money market accounts pay a little more, and CDs (certificates of deposit) pay the most.
Think a $35 fee to check a bag is annoying? Compared to the hidden fees you pay to invest in your company’s 401k or 403b plan, they’re chickenfeed.
It’s a question I’ve been hearing for 30 years: Can I earn more than risk-free investments are paying… without taking any risk or tying my money up?
If you’re keeping money in the bank, you know how low rates are. And if you’ve done any food shopping lately, you know how high prices are. But what you may not have considered is what low savings rates and high inflation can do to your savings.
If you’ve got a retirement plan at work, stocks, mutual funds or other types of investments, you’re already well on your way to savings-land. But, there are 5 common mistakes that will quickly steer you off track, definitely cost you money and potentially screw up your savings for good.
Our site can't possibly contain every rate online, so search around! Here are a few sites to get you started, but don't forget local institutions too. Pick up a phone book and call around.