Ask Terry Questions Savings rates so low!

Savings rates so low!

By Terry Savage on February 15, 2021 | Chicken Money

I have over 10,000.00 in us bank savings account that draw .01 interest like to find something better any suggestions

Terry Says

How much of this money are you willing to risk losing?? I thought not!! The only thing you can do is move to a 6 month CD that might earn a bit more. But this is “chicken money” — and the Fed is making it tough on all of us who have capital we don’t want to risk, by keeping rates low. That will change. So don’t speculate if you don’t want to lose any of it.

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