Get better interest on your savings
The point of socking away money in a savings account is to earn even more money in interest. That’s known as the annual percentage yield, or APY. With APYs at traditional banks hovering around 0.09%, you’re earning a measly dollar on a $1,000 balance.
You could earn more than 20 times that amount by moving your money to a high-yield savings account at a low-cost online bank. Most are free to open, and APYs are closer to 2%.
Legal Guidance Now is for general educational purposes only and is not intended to provide legal advice on any subject matter whatsoever. Your use of the content provided by this website is at your own risk. Due to frequent changes in the law, some information on this website may not reflect the current state of the law. We are not responsible for any errors or omissions in the content of this website or for damages that arise from your use of the content under any circumstances.
No reader of Legal Guidance Now should act on the basis of any content included in this website without seeking appropriate legal advice (in consideration of the particular facts and circumstances at issue) from an attorney who is licensed to practice law in the reader’s state.
