Better Savings Vehicles
Probably the only good thing about the Pandemic is you’ve been able to save a little money. Other than home improvements, most of that entertainment spending has vanished. Not to mention things like clothing and gasoline. So, you may have put a little money in the bank.
Problem with money in the bank is interests rates are very low.
Savings / Money Market Accounts are paying a whopping .5% interest these days.
Even if your go out to a 5-year CD interest rates are 1.00%
So, what do you do with your safe money? The money you don’t want to risk losing or subjecting to the stock market roller-coaster. Here are some excellent ways to earn a few additional percentage points without risking your principal. More is better, isn’t it.