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The average yield for a savings account is under 1%. Depositors, however, don’t always take the opportunity to get more.
Employers that offer retirement plans would also be able to offer a separate emergency savings plan.
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
Are they any better than a traditional bank savings account?
Post-lockdown spending sprees are looking a lot less likely.
The post-crisis financial policy has a downside.
With wages and incomes up, more Americans say they are saving for a rainy day. But it might be wiser to use the money to pay down debt. Marketplace’s Aaron Schrank explains. Click the audio player above to hear the full story.
Startup Beam says it will offer high rates that are FDIC insured with no fees. Some in the industry say the math doesn't work.
