Is Your Savings Account Doing Anything For You?

Have you taken the time to look at your latest statement from your local bank where your preciously saved dollars are held?  A couple months ago, I received this statement in the mail and noticed that the APY on my savings account was being decreased at US Bank.  Take a look.....

This made me question whether I was getting the most out of my money, so I set out to compare rates at other banks.

I found this cool tool provided by my trusty companion Google.  It's called Google Advisor.  Its purpose is to compare rates on multiple different financial products including mortgages, CD's and normal savings accounts.

What did I find out? I was being totally taken by US BANK! I could get almost 1% on my savings by just switching to another bank.  What difference would this make over the course of a year? Well.....had I left all my savings in that account for another year I would have earned just $3 in interest, compared to what I'm on track to earn now.......$42!  I opened a new account with an online bank and got into a rate of .85%.

It was definitely worth the 20 minutes of my day.  Who wouldn't want $40 extra bucks this easily?

Here's the bank I use now and I highly recommend them, I've had a great experience and earned some extra cash!

Click the icon to learn more!

It's NEVER too early to start that retirement account!

It literally took me 3 minutes. No paperwork, nothing to sign, no phone call.....just enter some basic info and check the boxes and you're set up with a Traditional or Roth IRA.

Betterment.com - a small brokerage firm whose goal is to make investing easy, even for those who can only afford to start small.

No account minimums, no trading fees that kill your returns. Just one easy fee and it's less than 1% a year.

It has also succeeded in making investing easy for those who are unfamiliar or afraid of the financial markets.  All you choose is the percentage you want invested in stocks and the percentage in bonds, they do the rest.  They will even help you figure out what percentages are best based on your goals and the time you have to reach them.