Where To Lock In The HIGHEST Rate | 5.964% On Cash Has Arrived

Investing can be a very impactful way to grow your money, especially when you consider the three main factors that play a role in how much wealth you build: rate of return, how much you invest each month and, of course, time.Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..

Been looking for that episode where you mentioned the credit card wallet with tracker to get the link. No luck so far, please help!

How do we know the CD rates are guaranteed?
I read the descriptions of many CDs and a high percentage of CDs were "callable." That means the bank can call the CD after a specified time and just pay you your principle and interest. Yet you hoped for the duration of what you signed up for. I don't want to be CASHED out early by the bank. I think this might be a BAIT and call situation for a lot of us by many banks. 🤨

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

Haven’t found a HYSA any higher than 4.8%…. What is offering 6% that doesn’t lock it up?

SWVXX is paying a 7-day yield of 5.2248% today with ZERO RISK. I liquidated ALL of our IRA positions on 8/30, and moved almost everything into SWVXX that day. I moved the last $40K from our crappy bank checking and savings accounts to SWVXX today. It's a short-term move while I sit safely in the harbor and watch what storms will befall the stock market. SWVXX is an ETF, and I can sell shares one day and have my money the next day. It's actually more liquid than owning stocks, which have a two day settlement period before I could withdraw or transfer the cash.

BTW, I do NOT expect interest rates to come down for quite a long time. The days of super-low interest rates are OVER. The only thing that drove them so low in the first place was the MASSIVE amount of money the Fed was pumping into the financial system in the wake of the 2008 bubble bursting, and the pandemic relief... and I can't really see either of those things happening again in my lifetime.

OK. Gotta open one of these accounts! ❤

RAISIN seems to have currently the highest interest for CD.
Are these people legitimate? Can anyone share some info on them?

Vio Bank has good money market rate.

My credit union pays 3.56% interest in their high yield account

Really....where

Spend less and don't buy what you don't need with money you don't have

Enough with this repetitive content all over

My wife and I parked some of our money at Marcus by Goldman Sacks, CDs and high interest savings account and at CiT on line bank high interest savings. Earning almost 5% on all of them and so far so good.

gotta be careful for some this is great for those with a longer time horizon risk of underperforming. Example last year when everyone moved cash into money markets for 4-5% annual yield the nasdaq is up 30% plus this year.

I opened up a couple of CDs at 5.5% interest

I have Capital One savings really good about maybe 4.5% do you think. Do you think it’s worth it? Please let me know. I do enjoy your video.

Thanks for this nudge. I need to park my cash someplace where I’m going to earn more.

how would you figure yields on t-bills based on savings from no state taxes? i have been buying 4 weeks t-bills

Money has to have value, so we need interest rates at about 6.5
Like it or not .

Not sure about guarantee onn t bills now with all the craziness going on in congress.

Vanguard’s MM is paying 5%, with almost “0” risk.

We've been putting our cash into I-bonds and T-bills for over a year. Like the benefit of not having to pay State or local taxes on the money it generates. But with the current Debt Ceiling debacle inching ever closer it does have me concerned. Believe we're only a few bad politicians away from them actually allowing it to happen. Hopefully we've prepared for that scenario well enough by keeping 10% of our savings in physical Cash, Silver & Gold, money outside of the Bank in case the proverbial SHTF.
VT247

Where is this 5.964 % on cash interest rate?
Fake title?

Do you recommend spreading your savings over several accounts? If, for some reason, the electronic systems went down, how would you get your funds out of the internet banks?

Where do we get 6%? Fake news?

I cannot speak enough about the visionary and forward thinking trading services provided by Mr AdsIn CommentSecs. Truly unrivaled and wholly original and, dare I say, uncynical and leechy!

Tell me you don't know about the Russian President Vladimir Putin prank phone call with Fed chairman. Without telling me that you have no idea about the Russian President Vladimir Putin prank call with fed chairman.

money market is not FDIC and it is in the market you can lose it

Ford Interest Advantage money market is paying 5% and I’m loving it. I also saw that The M1 finance added high yield accounts paying 5% also. Both of these have no restrictions on the money so you can access it at any time.

Does this mean CD interest rates at the banks aren't going to get higher? How long should I lock in with the CD rate? Will the high-yield savings interest rates drop again?

My money is in USFR t bill ETF 5% monthly dividends and liquid with no risk to principal

The video is titled where to earn 5.964% on cash- where? It's not in her comments to the video and I didn't hear her mention in the first few minutes either. Thanks.

Hi Erin, based on your video on T Bills 2 months ago, we decided to invest our emergency cash on various T Bills that have a different expiration date. We are happy that you made that video so we could be informed. Thank you, Grace

Great video! Thank you for putting T-Bills on my radar, I had never heard of them before. I am curious however why you didnt bring up I-bonds, seems somewhat similar to these other financial options.

lol, where is woman like this in my life? hahahahaa, instead of being called stupid, she would appreciate me... i meet the opposite woman who are extremely liability. lol

It would be better if the 6% was available on a 5 year CD as opposed to a 12 month or less CD because these higher rates at this moment won't last long. The Fed will probably start cutting the rates back down sometime this year in 2023.

I'm effing stoked, dudette!

I would definately get some T-bills, but Yellin is saying the country could default as early as June. And the head imbecile in the White house refuses to talk with Kevin McCarthy!

I heard about Nexus on the Earn and Invest podcast today. It's a checking style account that invests your balance. Do you have any thoughts on it?

You can get Government T bill at 5.1 and pay no State income tax on it ?
Is this close ?

Here's a theory for you all to disregard...or not.
The big banks - such as BofA which is Warrent Buffett's 2nd largest holding - offer the peace of mind that they won't be going belly up like those smaller crap banks which are paying the higher interest because they are higher risk. Or, emergency funds seem better served by being parked in safe, defensive, large cap, dividend-paying stock positions like Coca Cola, Johnson & Johnson, etc which see capital gains in good times & bad times (as seen during this economic downturn). Also, stocks are super liquid/fast & easy to sell to get your emergency fund back into your checking account to deploy in the event of an emergency.
Still love you dear, sensible Erin.

Thanks. What if I want to redeem one of my T-Bills before end of May due to paranoia over the debt ceiling fight. Do I loose principal or just loose some of the interest. Or principle? How is this done. Fidelity.

I like expressing earnings in terns of how many dollars you can earn from $1,000 or $10,000 as well as what fraction of a percent the interest may be. Sometimes I don't move the decimal point correctly until I realize the amount I come up with does not make sense.
Anyway, thank you and keep up the good work!

Don't waste your time, there no 6% yield account. She's riding 6 up on tbills

First Foundation Bank - 4.85%

I finally paid off my consumer debt, and have an actual emergency fund. I have it in a money market account, currently earning 4.62% as a 7 day yield :)

Erin which high yield savings acct do you personally like?

T-Bills are what I am using. The lack of state and local taxes is a big advantage.

Love this Erin, thank you! My Capital One high yield savings is earning me 3.75%. I like that the website is easy and super user-friendly. I opened my savings with them last year and I am working on a CD ladder for college savings. At the moment Capital One rates are 4.30% for a 2-year CD.