Best earning interest on savings account?
I have almost $ 3000 from the Bank of America regular savings account. It only exists emergency, like trying to keep 2 + months of savings. The problem is that I am worried about inflation – even if I put the same amount into the savings account each month, the economy is changing and, finally, all that saved me loses its meaning. I do not know what my interest rate is exactly, but it leaves about $ 0.17 per month, which seems pretty pathetic, because there is $ 3000. I am not a financial expert or another, but it seems that I earn more interest. Would not invest in stocks or something because I am not aware of this and do not want to risk losing my money anyway. What I really want is to have some kind of account where you can deposit or withdraw without penalty and earn a decent amount of interest. What would be the best thing to do? Thank you!
You can see in companies and Schwab, ING or fidelity. I know they are investment firms – but they all deliver Plain Old fashioned savings accounts. I have a savings account with Schwab. Yes, it is the right of a regular savings – can not invest this money. He was paying 1.5%, but I think it has fallen to 1.3% – Maybe less. else – and SAFE. Take care checking accounts offer an interest rate of 5%. They are there for you with their games – and most of them around anyway, and then lost all interest. /
Bank of America Protest