One savings account typically won't cut it. You may want to adjust your strategy to include these four instead.
, meaning that the interest rate you're earning could decline if rates go down. However, you'll maintain access to your funds, which you wouldn't get with a CD .Long-term savings are essential for securing your financial future — so it's important to have at least one designated account for this purpose. This includes saving for retirement, buying a home or investing for other long-term goals.
If you're saving for retirement, a designated retirement account makes sense. But if you're saving for a down payment on a home, it makes more sense to choose a high-yield savings account or a CD instead.Having these four types of savings accounts in your financial toolbox can provide you with the security and flexibility needed to navigate life's uncertainties and achieve your long-term goals.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two players, one day, two holes-in-one, one ball: The Ace ChroniclesThere's no finer and more memorable shot in golf than the hole-in-one. From now through the Ryder Cup, we'll highlight some of the weirdest, greatest, wildest and most unbelievable aces in history, for pros and amateurs alike. These are the Ace Chronicles, and if you have a notable ace of your own to contribute, email us and let us know. Today: A Minnesota miracle.
Read more »
Two players, one day, two holes-in-one, one ball: The Ace ChroniclesThere's no finer and more memorable shot in golf than the hole-in-one. From now through the Ryder Cup, we'll highlight some of the weirdest, greatest, wildest and most unbelievable aces in history, for pros and amateurs alike. These are the Ace Chronicles, and if you have a notable ace of your own to contribute, email us and let us know. Today: A Minnesota miracle.
Read more »
28 Beautifully-Broody 'Dark Academia' Baby NamesOne part intellectual, one part mysterious, and one hundred percent gorgeous.
Read more »
One killed, one badly injured in fiery Oakland freeway collisionOne woman was killed and another woman badly injured in a two-vehicle vehicle collision Tuesday morning on an Oakland freeway.
Read more »
Make it make sense: One life lost, one life altered while simply watching a football gameDale Mooney went to Gillette Stadium on Sunday just to enjoy a NFL football game — Miami at New England.
Read more »