@paulajorgensen8056
I naively gave my local bank permission to roll over a 4% CD. As I started to do my taxes I realized that they had put it into one earning .05%! After some discussion, they decided to give me a reasonable rate retroactively, just to keep me as a happy customer. Great, but I’m still going to cash out and transfer it to my online bank.
@MrKistel
Thanks for bringing more light to this situation.
@albertan6634
Glad that someone is finally speaking about this. I wasn't one to be checking all the time until my CD automatically renewed at one of these low low rates the banks use on unsuspecting customers. I quickly canceled out the CD (paying very little in fees because I caught it early) and moved the money to a high yield savings account. Now, I check my savings interest rate monthly.
@thomastuorto9929
I keep 1k in a federal credit union because their loan rates & cc are good but only get $.09 a quarter totaling $ .36 for the year for $1k. You need something to laugh about, there you go.
@Thomas63r2
Clark, there is nothing stopping any bank or a brokerage house from paying more and attracting investors and deposits.
@cmiller4747
Thanks Clark for getting the info out!! I have a few accounts and as you mentioned, Vanguard is a Class Act!! That is my opinion. I have others that I will getting taking my $ out. I could mention them but will let people do their own DD. Some make me so POed.
@GH-zs9fj
CD rates are pretty good now. I got a 6 M CD at Schwab for 4.0% for my emergency funds. Yes, I will pay a penalty for early withdrawal, but for my situation, this is low risk.
@terrysmith-zt8ls
I'm glad that there are people like you who are doing a great service to the American people.
@9liveslisa
I've been noticing that my bank is taking longer to pay my bills. Instead of a day or two, it's more like 4 days.
@SylviaFlores-ld8ww
Thanks Clark
@williamwoods8807
Hey Clark , is fidelity an up and up broker , many thanks for all you do
@remocres
the major credit union here in fl is just as bad .01 ck. .05 savings. 1,15 mm and cd around 1 . but autoloads went up, personal loans went up mortgages up and occasionally they offer a 2-3 yr cd special. when discover bank offered me over 4 for savings, mm, and cds i went into them . fidelity has cd tht are slightly above banks local rate over 4 and government mm slightly over 4 few cd are blue stky and can only get issued in certain states but there still better than most big or even regional and there 3 big banks i would not invest in unless they were 3x going and even then i really have to decide if they pull something
@morganfbilbo462
At least with Schwab, they have the SWVXX and others paying 4% to 5%. Yes, that requires diligence to know when to switch, but at least it's there. So I keep just enough to pay bills in the checking and that's usually sitting there for less than a month.
@gustavovega9921
Thanks again for your valuable info. Wells Fargo is a rip off. On some of their accounts 0 interest
@nadinejohnson2189
🕊👋🏽Clark &Christa
🕊Banks 🏦Bingo 🎯
🕊Thank you🌹
💞
@yourgooglemeister6745
I've had Capital One for over 20 years. going to be very happy to get my settlement for them skimping on my interest payments
@carlbowles1808
This is why Clark Howard is important. Clark Howard doesn't stink banks do. Thanks Clark you are the most. 🌞💰🥊
@SteveSabbai
Try High Yield Savings Accounts.
@jimandmandy
On line banks dont do trust accounts. That is the story when I ask. So, I stay with brokerages, banks and credit unions with local offices, but carefully research products offered and be proactive.
@paulcantalupo-nv1490