As we head into 2024, resolutions are on many people's minds. That includes financial resolutions. In a recent GOBankingRates survey, nearly 10% of Americans said retirement planning topped their list.
Whether it's an emergency fund, holiday stash, or rainy day nest egg, keeping your money in savings account is a good idea. Your cash stays out of sight, and you can earn some interest that adds up.
Interest rates are conceptually intriguing in their duplicity. When high, they are either great for your savings or checking account or terrible for your mortgage payments. When low, they help fight.