Quote:
Originally Posted by Walrus
Where can you get 4% for a basic savings account?
woj, can you explain more about how you lose money due to inflation? I don't get that, I did read about that. But I didn't understand it. I figured anything is better than 1% which is what most savings accounts offer. I thought all only offered 1%. I'm not one to take risks, that's why I was looking to open a CD.
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Sure you wont get 4% on a basic online savings account.
I guess i thought you were referring to a fairly reasonable amount that you wanted to put away but, just not for 5 years. There are still online savings accounts that will get you circa 4% if you qualify for those tiers.