filmov
tv
Why You Shouldn't Leave Your Savings in the Bank
Показать описание
Hear this: Right now, your bank's savings account might not be your best bet. Here's why. 💡
Interest rates on most bank savings and checking accounts, even at giants like Bank of America, are currently at a crawl – less than 1%.
But guess what? Inflation's in a hurry, around 5%. 📈
Leaving your money in those accounts? You're watching it lose value against inflation's pace.
Now, here's your move: Money market funds at discount brokerage firms like Fidelity, Schwab, or Vanguard. They offer nearly 5% interest, and sometimes even more. 💼
By embracing a money market fund, your money's in better hands – growing faster than inflation's clutches. 🚀
#startinvesting #investsmart #investyourmoney #learntoinvest
Interest rates on most bank savings and checking accounts, even at giants like Bank of America, are currently at a crawl – less than 1%.
But guess what? Inflation's in a hurry, around 5%. 📈
Leaving your money in those accounts? You're watching it lose value against inflation's pace.
Now, here's your move: Money market funds at discount brokerage firms like Fidelity, Schwab, or Vanguard. They offer nearly 5% interest, and sometimes even more. 💼
By embracing a money market fund, your money's in better hands – growing faster than inflation's clutches. 🚀
#startinvesting #investsmart #investyourmoney #learntoinvest