Month: June 2022

I remember a time when the best high-interest savings accounts paid annual yields of over 5%. Those days were long gone. BUT… they are making a comeback! According to the FDIC, the national average savings rate is paltry 0.46%. That means that the best high-interest savings accounts today are paying close to 20 times the…

Money market accounts haven’t been drawing much attention in recent years, and it’s easy to see why. Recent figures from the Federal Deposit Insurance Corporation (FDIC) show that the average savings account rate and the average money market account rate are currently at 0.64% APY as of writing. Still, there are a small handful of…