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Home financial budget Financial Planning financial planning process money saving ideas I'm a 17 year old, with a traditional IRA. My interest rate seems weirdly low. Am I being duped, or is the money market IRA rate just this bad rn?

I'm a 17 year old, with a traditional IRA. My interest rate seems weirdly low. Am I being duped, or is the money market IRA rate just this bad rn?

On
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I put 2,000 in my IRA from my savings last month. I plan to contribute annually, but the compound interest rate I was given (by a well known and trusted bank) seems low. I'm getting .03% compounded at the end of each month. This is barely enough to keep up with inflation! What do you all think I should do about this? Should I contact my bank?



Submitted January 01, 2020 at 08:43PM by okay-boomerang https://ift.tt/2QdH0zt
financial budgetFinancial Planningfinancial planning processmoney saving ideas
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