Big banks pay an average 0.38%, so $20,000 in savings earns a sad $76 a year. High-yield accounts and short-term Treasury bills pay over 4%, turning that same $20,000 into nearly $850. That’s an extra $770 for one transfer.
So why are you still lending your bank money for free?
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading stocks poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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