1 OPEN A HIGH-YIELD SAVINGS ACCOUNT
Most traditional savings accounts offer an interest rate of around 0.03%. But if you’re willing to say goodbye to a brick-and-mortar location, you could earn more than 2% interest with online banks like WebBank (webbank.com) and Vio Bank (viobank.com). “Online banks have less overhead, so they’re able to offer you better interest rates,” explains Andrea Woroch, a consumer-savings expert. Check bankrate.com to see where you’ll get the most interest, and pick a bank that is FDIC insured.
2 CONTRIBUTE UP TO YOUR COMPANY’S 401(K) MATCH
This story is from the October 2019 edition of Woman's Day.
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This story is from the October 2019 edition of Woman's Day.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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