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Updated over 5 years ago on . Most recent reply

Should I Open a Savings Account - Where?
I have a savings account earning 0.1% at a national chain bank that just continues to pi$$ me off! I want to close the account but don't know what to do with the money. I saw 1.9% savings account from Credit Karma, 1.5 somewhere else I can't remember, or should I park or use the money in some other way? Maybe open a brokerage account?
Counseling and advice please.
Most Popular Reply

This is the downside of low interest rates. You can't get interest on your savings. I would look into an online bank as you mentioned or look to a local credit union. The credit unions are often able to give better interest rates. No matter what, though, it aint gonna be that exciting.