Savings
At this time, is it recommended to open a high yield savings account (on-line only paying 4.2%) or look for a comparable CD. Are on-line only High Yield Saving accounts protected by FDIC?
Also, instead of high yield savings or CDs, would it be better to buy treasury bills at this time?
Thank you.
Terry Says
Your choice. Just make sure you are opening an FDIC-insured savings account. Both short-term (3/6-months) CDs and T-bills are paying slightly over 4% right now.