compound interest account
Have some extra money coming in want to put into a compound interest account. Which one is the best to go with. Want the money to be accesible.
Terry Says
Go to your bank and put it in a money market deposit account. The rate will be very low — it’s low everywhere — but your money will be completely liquid. Ask for checks, so you can withdraw easily at any time. And if you want the highest rates you could open an account at an online bank. Here is a like to the highest FDIC insured money market deposit accounts.
But the best rates these days are only 0.50%.
