If you have more than a few thousand in your bank you need to look at their financial offerings or consider opening a high yield savings account at a larger bank. My credit union has a few offerings which give 2-3% interest as long as you maintain a balance over a certain amount (usually 1-5k) but most of the account offerings that are more focused on being fee-free only yield about 0.25% interest. And this is all without dipping into actual brokerage and other more risky financial products
Basically it’s the difference between $10k earning you $25 a year or earning you $300-400/year
If you have more than a few thousand in your bank you need to look at their financial offerings or consider opening a high yield savings account at a larger bank. My credit union has a few offerings which give 2-3% interest as long as you maintain a balance over a certain amount (usually 1-5k) but most of the account offerings that are more focused on being fee-free only yield about 0.25% interest. And this is all without dipping into actual brokerage and other more risky financial products
Basically it’s the difference between $10k earning you $25 a year or earning you $300-400/year