Where Can You Find a High Interest Savings Account?
…Mey here blogging like a speedy gonzales as my husband gives me a precious half an hour to tell you something that may change your finances forever…Where Can You Find a High Interest Savings Account?
…with the market being as it is I think a lot of us would be so much wealthier if we just saved our money in a savings account that made some interest, in fact, a lot of interest would be very nice…
…so where can we get this amazing savings account?
…that’s the link to the Personal Savings at American Express…
…where most banks are giving 0.01%, APY you can get 0.9%APY…
…so if you have money in savings (if you are saving at least 10% of your income every month than you DO!)…
…then it is worth moving it into a higher interest savings account…
…if you’re making 1 cent a month right now, you will be making $1.00 /mo instead…and if you are making a $1.00 / mo right now, you’ll be making $10.00 / mo in this savings account…
…recently I had a friend ask me if they should borrow from their credit line to invest in high risk dividend yielding REIT (Real Estate Investment Trusts)…
…I suggested they first save up at least 3 months of their income and put it in a high interest savings account, and start there…
…I personally like having a cash account that’s always growing, even if only by 0.9%APY…
…it helps offset the ups and downs of the stock market!
Are you saving money?
What is the interest rate/APY that you are getting?