The certificate of deposit we count as our emergency fund rolled over for another term last month.
The good thing about the CD is that we can take it out before its maturity date without any early withdrawal penalty.
When things get a little less hectic around our house, the hubby and I are going to find a financial institution and savings vehicle that pays more.
I've complained before about the disparity in rates charged by banks for loans and the ones they offer savers.
In today's New York Times, Your Money columnist Ron Lieber discusses seven reasons why savings account rates are so pathetic.
Less earned, less paid the IRS: The only dim silver lining in this situation is that at least we (and other similarly situated savers) will owe a tiny bit less in taxes.
Right now, though, I'd happily pay the IRS a few more dollars in April for more current cash on hand.
- Falling interest rates' inequitable effects
- Federal Reserve's near-zero interest rate
is essentially an 'invisible tax'
- Investing exodus: first 401(k)s, now 529s
- Election effects on investments
- The future of capital gains taxes
- Capital gains tax: Past, present, future
- Dividend tax possibilities
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