Interest rates have been as low as they possibly could have been. If you're just sitting there with your money in the bank, you are significantly losing out to inflation. So we're going to structure the conversation in the way that really you should be thinking about cash. We're going to build from the bottom, make sure that the foundational stuff is taken care of and then get to some of the fun stuff.
The Federal Reserve has raised interest rates 10 times since 2022. But you probably wouldn’t notice those hikes in a traditional savings account. Dylan Lewis caught up with Robert Brokamp to discuss: - How banks benefit from your inertia, and how that costs you - Ideas for managing cash for the next few weeks, months, and years - Money market funds paying more than 4%, and the caveats to understand before utilizing those accounts - Who can benefit from I Bonds and less-liquid savings vehicles Website mentioned: https://www.fool.com/the-ascent/ Host: Dylan Lewis Guest: Robert Brokamp Producer: Ricky Mulvey Engineer: Rick Engdahl
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