Ask Terry Questions Saving Account interest rates

Saving Account interest rates

By Terry Savage on January 24, 2024 | Chicken Money

My wife and I have RMDs from our IRAs. Is it wise to deposit extra funds in a savings account. If so, what financial institutions do you recommend. Many thanks in advance.

Terry Says

Congratulations on having “extra” money from your RMDs. Actually, where you put this money depends on when you will need to have access to it. Banks typically offer low rates on money market deposit accounts. But if you can tie the money up for 3 or 6 months at a time, you could buy T-bills.
Read this article to see how to do it:



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