Questions tagged [savings-account]
for questions specifically related to savings account. There is a general tag for "bank-account". Related tags "checking-account"
179
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Added a person to a joint account
If a account has been open between husband and wife and another party gets added by consent of one and that party died and the added person empties the account,
can that party remove all money to a CD?...
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1
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Is it possible to lose money with SPDR BIL
I'm seeking an investment method for my Merrill Lynch Edge account since it doesn't accrue interest on cash holdings. Considering this, I opted for SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL), ...
4
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Advice for investing money for a 15-year old
Hope this is on-topic for here.
I'm looking for some advice on the best way to handle a pension. I would like to have the money paid into an account for my 15-year old daughter. The lump sum is about £...
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Brazilian savings account, understanding "saldos por dia base"
Translating "saldos por dia base" into English, we get "balance per day base". Literal translation. In my savings account, I see a calendar showing a month. In some days, I see ...
- 103
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3
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Are high yield savings accounts as secure as money market checking accounts?
I do asset allocation: 10% in cash. 40% in equity mutual funds. 60% in bond mut funds.
I've had the cash in Vanguard money market funds.
Wondering about keeping some of the cash in HYS account to ...
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4
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What's up with banks closing down their high yield savings accounts and incentives lately?
We had been keeping our cash savings in a Purepoint high yield savings account for the past few years, until we got this email from them a couple months ago:
"We’re reaching out to let you know ...
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5
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How are the banks behind high yield savings accounts able to pay such high rates?
How are the banks behind high yield savings accounts able to pay such high rates? Where does their yield come from? Do they invest in just high yielding treasuries or junk bonds, or other high ...
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Need help in calculating interest on daily savings account
Preamble
I would like to open a savings account in one of "Big 5" banks in Canada. Many banks are offering so called "daily savings" accounts.
My calculation
Not to name any names, ...
- 109
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2
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Are demand and time deposit accounts really loans _to_ the bank?
Borrowers pay interest to borrowees any time they take out a loan.
The Government even pays interest when you "buy" it's notes and bonds.
Banks, too, pay interest to deposit holders. Does ...
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767
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Why can't I find an online savings account that supports revocable trust?
I keep an emergency fund in a savings account where it is liquid and easy to access. It is a sizable amount, but my bank offers a laughable savings rate. It doesn't even pay enough over a year to ...
- 2,099
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346
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pending recession: keep money in 401k or savings account?
Husband and I are on Social Security.
I have a 401k of about $225K, not a lot.
With the impending recession, probably during Q2 2023, husband wants me to withdraw $$$ (e.g. $8K) from 401k and put it ...
- 109
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292
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Bank accounts closed unexpectedly, funds missing
Wells Fargo bank closed my accounts and haven't sent me my funds. I keep getting run around about who to call; what can I do?
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Assessing the trade-off between exchange rate risk and potential higher interest returns on emergency savings in foreign currency
I currently reside in an EU country and earn a salary in EUR, the currency I primarily use for expenses. I have been researching ways to protect my emergency fund from inflation by keeping it in a ...
- 11
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When will interest rates on savings accounts increase (UK) [closed]
Note: question related to UK savings accounts
4 days ago the Bank of England increased the bank rate from 2.25% to 3% which I understand will increase interest rates on mortgages and savings accounts ...
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23
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7
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Why should I not keep my checking account at $0 and use overdraft protection?
My savings account earns interest; my checking account does not. I have overdraft protection, so if I overdraw the checking account, the money comes out of the savings account. It seems like I could ...
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