Savings
On the bankrate.com site, there is a list of high-yield savings accounts, for example BMO shows a high yield savings account returning 4.6%.
Are these accounts safe? What should one be aware of with these accounts? I am thinking of transferring extra money that I have that
is only getting 0.5% in a regular savings account.
Thank you
Terry Says
Didn’t you ever hear me talk about Treasury Bills? I’ve been doing that for years — IOUs directly from the U.S. government.
Read this: https://www.terrysavage.com/t-bills-beat-cds-2/
Those high yielding bank CDs are FDIC insured up to the limits. But many require a higher deposit amount. And you don’t want to extend your maturities past 6 months.
