Quote:
Originally Posted by NoMoreAudi
...If you're talking about a savings account... get that money out of there, it's doing nothing. What is your savings interest rate? 0.01%? Maybe 0.1%? 1% if you're lucky?
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Interest rates are rising. Ally and Capital One 360 automatically change their savings rates, Ally is currently at 1.75%. Even when interest rates were at their lowest they offered 1%. I know it is no 2006-era ING Direct 4.5% unfortunately.
Yes there are smarter investments to make but if you're waffling or keeping some cash you can at least put it to some kind of better savings.
For investing, that's a tough call. Vanguard has several easy options. If that is too difficult there are a number of robo investors now, or depending on the amount you can get active investment.
If you're serious about asking the internet on investment advice go read up on reddit's personalfinance forum and check out bogleheads.