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re: What APY should I be getting with my savings account?

Posted on 5/21/23 at 6:42 pm to
Posted by bayoudude
Member since Dec 2007
24971 posts
Posted on 5/21/23 at 6:42 pm to
quote:

So again, not being critical, but what kept you from exploring higher yielding products, within or outside of your bank?


I am pretty risk adverse with this money as it was inherited and I don’t have the pay heck to replace it. I do have a brokerage but honestly it hasn’t performed much better than a high yield savings due to the COVID dip and then president potato so I am not looking to dump much more in there. I have a large chunk invested in real estate that has done very well when looking at property appreciation the last few years
Posted by jsk020
Nola
Member since Jan 2013
1700 posts
Posted on 5/21/23 at 6:45 pm to
The bank is making a killing off you at 0.01%. They are investing your money. It should grind your gears
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