EPISODE · Mar 23, 2022 · 19 MIN
144 - Pros & Cons of Different Savings Accounts
from Real Personal Finance · host Scott Frank and James Conole
Scott and James discuss the pros & cons of different savings accounts. Listener Question I'm hoping you could walk through the pros and cons of different higher-yield savings vehicles: high-yield savings accounts, money markets, and CDs. Especially how the planned federal interest rates raises may affect those. Planning Points Discussed Retirement Planning Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 3:57 - Bank Lending 7:23 - Bank Differences 10:33 - Savings Rates 13:30 - How Banks Make Money 15:18 - Interest Rates 17:29 - High Yield Savings Accounts LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here
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Scott and James discuss the pros & cons of different savings accounts. Listener Question I'm hoping you could walk through the pros and cons of different higher-yield savings vehicles: high-yield savings accounts, money markets, and CDs. Especially how the planned federal interest rates raises may affect those. Planning Points Discussed Retirement Planning Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamp...
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144 - Pros & Cons of Different Savings Accounts
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