I hope this question is unique enough to be allowed outside the mega thread. If not, just let me know!
I currently have a High-Yield Savings account through American Express that has a current APY of 0.60%. It was 2% before the Fed slashed rates. Considering that a saving account is insured (Up to $250,000) why would anyone chose bonds over a savings account? The only bonds that can compete (Rate wise) are long term or junk bonds.
Submitted October 01, 2020 at 07:39PM by Gunnertop https://ift.tt/34fsmO2
