High Yield Saving Accounts
I was moving some money around in savings accounts that I opened some time ago and after writing the blog, “Loyal Only To Next Big Sign Up Bonus”, it got me to thinking had I been resting on my laurels when it came to where I had money sitting for future bills to be paid for taxes, insurance, or savings. I had vetted out these savings accounts 4 years ago that they were yielding the most at the time, but I hadn’t checked in awhile until just this past week how they still fared.
Time For Some Changes
What I found is that I have some changes to make to get a higher rate of return for this money that is mostly going to accumulate and sit around until I need to pay it out. Here is what I found for the current state of my accounts as far as there yield amounts:
New Accounts For $ To Sit In
I’ll use these savings accounts to segregate out 4 buckets of funds I have to put aside for future. The setup will probably be something like follows:
- FNBO – Property taxes and taxes for investment income from options trading – 1.82%
- Dollar Savings Direct – Mini Emergency Fund of $1000 – 1.30%
- Dollar Savings Direct – Home Owner’s and Flood Insurance – 1.30%
- Bank Purely – Tenant Security Deposits – 1.30%
In Closing
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