Markets

How to invest if you want to buy a house in 10 years or less

Investing your down-payment savings is only a smart move if you’re not planning to buy a house in the next two years. If you’re planning to buy in the next two to five years, you might want to consider CDs, or certificates of deposits, as a low-risk investment that could […]
How to invest if you want to buy a house in 10 years or less
Markets

Experts and savers are obsessed with Ally’s high-yield savings account. Here’s how to open one and start earning up to 200 times more on your money.

Financial planners and non-experts alike praise the ease of use and high interest rates on Ally’s high-yield savings account. Ally’s high-yield savings account has no minimum balance or monthly fees, and offers a 1.9% annual percentage yield as of September 5. To open a high-yield savings account at Ally, you […]
Experts and savers are obsessed with Ally’s high-yield savings account. Here’s how to open one and start earning up to 200 times more on your money.
Markets

Wealthfront and Betterment are battling it out, and it’s great news for savers

Betterment, the online investing adviser, debuted a high-yield savings account in July. Betterment joined fellow robo-adviser Wealthfront in the high-yield savings space, which debuted its Cash Account earlier this year. It’s difficult, if not impossible, to declare an outright winner between the two robo-advisers’ high-yield accounts. Both Betterment’s and Wealthfront’s […]
Wealthfront and Betterment are battling it out, and it’s great news for savers
Markets

The interest rate on Wealthfront’s cash account may have peaked for now, and it shows why picking the right place to save is about more than APY

The investment app Wealthfront offers an industry-leading APY on its high-yield account: 2.32% on all balance tiers. Before the Fed cut interest rates at the end of July,Wealthfront’s Cash Account hit a high of 2.57% APY. It’s important to ensure any high-yield savings account otherwise fits your needs before choosing […]
The interest rate on Wealthfront’s cash account may have peaked for now, and it shows why picking the right place to save is about more than APY
Markets

I doubled my savings in 2018 and it took only 5 minutes of effort

My savings-account balance doubled in 2018, no thanks to a windfall or some form of personal-finance wizardry. I set up automatic savings and kept my savings account at a different bank from my checking account. This strategy is championed by author James Clear in his book “Atomic Habits” – he […]
I doubled my savings in 2018 and it took only 5 minutes of effort