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Home financial budget money news personal finance personal finance news The best savings account I can find is Ally at 1.15% APY, but inflation is currently at 1.6% so why should I use a savings account?

The best savings account I can find is Ally at 1.15% APY, but inflation is currently at 1.6% so why should I use a savings account?

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Basically title. I am looking to finally open a savings account and noticed this. In the end I am basically losing money. Can I use an index fund account or an ETF for the same purpose?



Submitted August 07, 2017 at 08:22AM by Dance_Monkee_Dance http://ift.tt/2fmeqfc
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