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Save for security and high interest

Postby Yugocean » 18 Nov 2022, 06:35

Keep two points in mind: your savings need to grow passively, and your savings must remain secure.

1) For your savings, open a high-interest savings account separate from your checking account; this will allow you to keep track of your savings and allow the saving to grow with interest.

2) Only save at a reputable bank for this purpose without falling for the lucrative scheme of a fake bank. You are saving for your future; never ignore security first.
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Re: Save for security and high interest

Postby JASPREET » 18 Nov 2022, 08:39

That's a good tip but I am maintaining a single account for a log time and this is why I earn very less interest as I keep making payments all the time lol
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Re: Save for security and high interest

Postby Vehlijanta » 19 Nov 2022, 14:22

I have never planned this but it's a good idea to earn interest on our savings.
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Re: Save for security and high interest

Postby oldbuddy » 19 Nov 2022, 16:09

I don't have a long period to plan for, so I go with Crypto at 20% APR for 180 days.
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Re: Save for security and high interest

Postby augusta » 20 Nov 2022, 04:27

Yeah savings help anyone to have financial security, it is always good to have money saved up in the bank to help maintained financial security.
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Re: Save for security and high interest

Postby Yugocean » 20 Nov 2022, 05:44

oldbuddy wrote:I don't have a long period to plan for, so I go with Crypto at 20% APR for 180 days.

This too will earn you nearly 10 of your crypto after period ends. You choose well.
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