Savings Acount Question?
Should I take a savings account with a bank that offers a high intro rate or high APY? I am not concerned about minimum balance.
This is simple. Put your money in the high intro rate savings account until the intro period is over, and then move it to the high APY account for the long term.
If you can’t make that move for some reason, then decide now how long you are keeping this money and let that determine where to put the cash. In other words, if you are just putting this money away for long-term savings then just stash it in the high APY account.
Savings Rates Above 2% APY; CD Rates Above 3.5% APY – Weekly Rate Review