Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

This Type of Savings Account Performed Better Than the Stock Market Last Year

Video Credit: Buzz60 - Duration: 01:09s - Published < > Embed
This Type of Savings Account Performed Better Than the Stock Market Last Year

This Type of Savings Account Performed Better Than the Stock Market Last Year

Your dad has probably lectured you about how your money is wasting its potential if it’s not in the stock market.

But in 2018, high-yield savings accounts actually gave people more bang for their buck than the stock market.

0
shares
ShareTweetSavePostSend
 

This Type of Savings Account Performed Better Than the Stock Market Last Year

At some point, your dad has probably lectured you about how your money is wasting its potential if it’s not in the stock market…????It’s what dads do.

But in 2018, high-yield savings accounts actually gave people more bang for their buck than the stock market.????To be clear, it’s not just any old savings account… ????If you don’t know the difference, according to bankrate.com, the average interest rate for a savings account is .09 percent annual percentage yield.????But according to CNBC, with a higher-yielding account from an online bank, you could be sitting pretty with an APY of at least 2 percent.????Greg McBride, chief financial analyst at Bankrate.com, told CNBC: “If you’re not keeping pace with inflation, you are losing buying power; over time, that’s just as damaging as a loss of principal????That said, you have to read the fine print.

High-interest savings accounts with great APYs could have some benchmarks you’re not financially prepared for…????For instance, CIT has an offer for a 2.45 percent APY — but you either have to have 25 grand or more in the account or deposit 100 dollars a month to get that rate.????And even if you decide that this type of savings account is right for you — don’t count the stock market out forever…????Last year was the first year it was beat out by high-yield savings accounts in over 10 years.

Ugh, fine, dad.??




You Might Like


Tweets about this

TSB

TSB @8745cc945c5f4ca Good afternoon Jim. Can you please DM some more details about this and the type of savings account… https://t.co/AHyWro67E9 7 hours ago

HDFCBank_Cares

HDFC Bank @Vibhoo3 Hi Vibhor, kindly elaborate on the type of product (Credit Card/ Savings Account) you are referring to so… https://t.co/JthGQ80dMg 2 days ago

AskCapitalOne

Capital One @BryanaBush Since CDs are locked in after opening, you won't see the option to transfer additional funds into this… https://t.co/0ChJN0QB3e 3 days ago

DiamondBankHelp

DiamondBankHelp @fit_iam This charge is a feature of your account type. The HIDA is a mini investment account that encourages you t… https://t.co/xRRGRayDrw 4 days ago

michael86420687

michael nicholson @only_half_demon @MarknNC @senatemajldr Great idea for banks/investment companies. Not so much for the little guy.… https://t.co/MJzFOyBI15 4 days ago

TalktoBPI

BPI @jehaniausman Hi. The initial deposit depends on the type of account that you want to open (for example, for BPI Ex… https://t.co/E853mVcYJH 5 days ago

HSBCUKBusiness

HSBC UK Business @jtowinstanley Hello Jerrard, I am sorry to hear this. Thank you for the information, can I ask which type of Busin… https://t.co/KNFqShar0d 6 days ago

KotakCares

KotakCares @arijitdas2603 Hi! We wish to inform you that as per your account type cheque book charges are applicable. Further… https://t.co/WVSoCFX9gA 1 week ago


Recent related videos from verified sources

How to Know When a Stock Bottoms Out on Bad News [Video]How to Know When a Stock Bottoms Out on Bad News

How do you know when a stock has hit the floor amid a string of bad news? TheStreet's Jim Cramer explains in his Five Ways to Spot a Market Bottom during a live video-conference call Thursday with..

Credit: The Street     Duration: 02:00Published

Nike Can Beat Earnings Says Morgan Stanley, Why GE Rose on Bad Guidance -- ICYMI [Video]Nike Can Beat Earnings Says Morgan Stanley, Why GE Rose on Bad Guidance -- ICYMI

We're almost through the week. But not before we dissect public company performance for all you eager investors. Nike Earnings Nike reports earnings Thursday March 21, and Morgan Stanley analysts..

Credit: The Street     Duration: 01:59Published

'The Dow Itself Will Be Under Pressure' Because of Boeing, Says Kenny Polcari [Video]'The Dow Itself Will Be Under Pressure' Because of Boeing, Says Kenny Polcari

Real Money's Stock of the Day Boeing's dragging the Dow down Monday morning after a second Boeing 737 MAX 8 jet crashed in Ethiopia over the weekend. Kenny Polcari, managing principal at Butcher..

Credit: The Street     Duration: 00:57Published

Tesla Supporters Losing Faith [Video]Tesla Supporters Losing Faith

On Friday former Tesla hedge-fund manager Whitney Tilson solidified his theory on the company saying he doesn't "think Tesla will ever report another profitable quarter." Earlier this week Tilson..

Credit: Wochit Business     Duration: 00:37Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.