Ask Terry Questions Best current interest rate accounts

Best current interest rate accounts

By Terry Savage on November 28, 2022 | Chicken Money

Hi Terry,
I have money in accounts at Chase currently. They aren’t paying very much on interest on savings/checking accounts. I took out I-bonds based on your recommendations. Are there other financial institutions that offer high CD rates such as Sun Cities Financial?? Is this a reputable institution??
Thanks!

Terry Says

Very few banks — even online banks with low costs — are offering as high a rates as Treasury Bills. (I think you probably purchased Series I bonds — and reached your limit). But you can buy an unlimited amount of Treasury bills, starting with as little as $100. This week the rates on 26 week T-bills are approaching 4.7%.
Read this article on how to buy T-bills.

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