This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/cit-bank-review/
This exclusive industry connected news story, was selected specifically by Marcus lee, who is one of our undercover online business News flash reporters – will provide you added insight in how these points of discussion could be translated into your own business Launchs.
For a few years my emergency fund was in a savings account that paid 0.01% interest rate.
After inflation our money was literally losing value over time.
Why did we keep it there? And why was it there in the first place?
Because it was the bank that my wife and I had a checking account with. Simple as that.
I finally got around to shifting our emergency fund to a high-yield savings account. I quickly realized this is something I should have done long ago, as we immediately saw a $500+ difference in how much we’d receive in interest each year.
I’m far from an outlier. The popular Wall Street Journal columnist Jason Zweig wrote about this recently as well. Many Americans have cash parked in accounts that are paying rock-bottom interest rates.
It doesn’t have to be this way. With technology available today, it’s easier than ever before to open a high-yield savings account.
And for that I recommend CIT Bank, for a very simple reason: interest rate.
Interest Rate is What Matters
It’s always been odd to me … Read More
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