Scott and James discuss the pros & cons of different savings accounts.
Listener Question
I'm hoping you could walk through the pros and cons of different higher-yield savings vehicles: high-yield savings accounts, money markets, and CDs. Especially how the planned federal interest rates raises may affect those.
Planning Points Discussed
Timestamps:
3:57 - Bank Lending
7:23 - Bank Differences
10:33 - Savings Rates
13:30 - How Banks Make Money
15:18 - Interest Rates
17:29 - High Yield Savings Accounts
LET'S CONNECT!
James
Scott
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