Emergency Fund High Yield Saving Account Recommendations
Anyone have recommendations for a good high yield savings account for an emergency fund as a college student?
- Investor
- Shelton, WA
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@Austin Glenn Welcome to BP! Many institutions are offering 4-4.5% on savings accounts. You won't be able to write checks so pick one that works for you and get one that is FDIC insured. If you key it into a browser window you will get several suggestions. All the best!
- Rental Property Investor
- East Wenatchee, WA
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If you have an acct with Vanguard. Fidelity, Schwab, etc their money markets are paying over 4%.
I wouldn't open an acct with some nobody for an extra .2% or whatever @Austin Glenn
I use Interactive Brokers for my clients and it is as high as 4.58% right now but you have to look at their pricing on their website for what amount your particular balance of cash would yield. Can you get 5% with other financial instruments if you look here and there, sure.
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CPA
- Nashional Tax Planning
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