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re: Better than a Savings Account?

Posted on 9/1/17 at 8:26 am to
Posted by Red5LSU
Knoxville
Member since Aug 2011
494 posts
Posted on 9/1/17 at 8:26 am to
I use GS Bank for my online savings. Their online savings has an APY of 1.2% and CD APY of 2.45% (6 year term). You can put the money in the savings account for the next few years and then transfer it to the CD. However, once you put the money in the CD, you'll have to pay a penalty if you withdraw before it matures. The website has some handy interest calculators to help you see how much money you are saving.
Posted by Jimmy2shoes
The South
Member since Mar 2014
11004 posts
Posted on 9/2/17 at 9:26 am to
GS bank is good.
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