bankalternatives
Losing money is the last thing any of us wants to do. Rather than risking your money on the stock market, you might just choose to park it in a savings account. Despite this, even high-yield savings accounts typically do not offer yields that can beat inflation. As a result, the money you earn from interest is unlikely to keep up with the rising cost of living. So, in short, you may actually lose money by playing too safe. The good news? If you hope to retire someday, there are still plenty of low-risk, guaranteed-growth investments you can consider placing your savings. 1. Fixed AnnuitiesA fi...
Due
There is that person in everyone’s life. No matter who it is, like a relative or friend, we do not want to lend money to them. Why? Because we know we won’t be repaid if we lend them money. After all, who in their right mind would loan someone money if they didn’t have any cash on hand? They don’t have a rainy day fund. Their emergency fund is non-existent. And, they have zero reserves. So why would you put yourself through this? Well, the same idea applies to keeping all of your money in the bank. Bank’s Primary PurposeThis is a simple question. W...
Due
When was the time you checked your savings account? If it’s been a while, I’m sure that you were expecting a big, juicy return. Guess what? You’re probably severely disappointed to find out that you’ve made nothing. Considering that your bank is paying you a measly 0.00000000000000001% this shouldn’t be all that surprising. But, why is your bank treating you that way? Banks often pay low-interest rates on savings accounts. At the moment, the national average interest rate is 0.06% and inflation is around 5%. Financial institutions profit from having higher borrowing rates than the rates they p...
Due
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら