Ask Terry Questions Best, safest, most flexible, online saving account that has good interest rates

Best, safest, most flexible, online saving account that has good interest rates

By Terry Savage on November 04, 2023 | Chicken Money

I have a large amount in my bank savings account, but barely get anything for it. I am looking to move some of it to an online account since they seem to offer up to 5% interest rates on this. I am worried about putting it in one that is not secure or have very complicated withdrawal rules etc.
Are there any you recommend? I will lean more toward a lower interest rate for the safety and flexibiltiy.
thank you so much for your time! btw, I see you on WGN all the time which is what brought me to this site. 🙂

Terry Says

Read this and stop trying to move money all over the place!
https://www.terrysavage.com/t-bills-beat-cds/

Current yield: around 5.5% for 6 months, no state income taxes, and directly guaranteed by the government

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