Maximizing Your Savings: Choosing Between CDs, High-Yield Savings Accounts, and T-Bills.
TL;DR Summary
Financial advisers recommend locking in high interest rates on cash savings by opening a high-yield savings account or buying a certificate of deposit (CD), as some are offering annual percentage yields well over 5%. With higher interest rates, it's more expensive to carry a balance on credit cards or take out a car loan, but there's an opportunity to earn more interest on cash savings.
Topics:business#cash-savings#cds#financial-advice#high-yield-savings-accounts#interest-rates#personal-finance
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