Do you know how much your savings is earning?
By maxsee212
@maxsee212 (799)
United States
March 23, 2008 2:51am CST
One of the most important to know when putting your money in a bank is to know how much is the rate your money is earning. If you're rich and don't care about money, then you would not be listening to my advice. If you know the interest rate of your bank you can compare it with any other bank to see if they have better rates for your money to earn.
1 person likes this
1 response
@morgandrake (2136)
• United States
23 Mar 08
I keep most of my savings in my credit union account because they pay a higher interest rate than my account (commerical bank) does. I would transfer it all to the credit union, but I need separate accounts for my personal budget and my business budget. And some of my money is sitting in a money market account; I am definitely keeping an eye on that one.
