{"id":1059368,"date":"2018-10-02T12:30:37","date_gmt":"2018-10-02T12:30:37","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=1059368"},"modified":"2018-10-02T12:30:37","modified_gmt":"2018-10-02T12:30:37","slug":"thanks-for-the-18000-in-free-money-jerome-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1059368","title":{"rendered":"Thanks For The $18,000 In \u201cFree Money,\u201d Jerome!"},"content":{"rendered":"

By Matt Insley<\/a><\/span> <\/p>\n

\"marcus<\/a><\/div>\n

This post Thanks For The $18,000 In \u201cFree Money,\u201d Jerome!<\/a> appeared first on Daily Reckoning<\/a>.<\/p>\n

Is the \u201cwar\u201d finally over?<\/p>\n

For years, with low interest rates and even the threat of NEGATIVE interest rates, savers were screwed.<\/p>\n

If you piled money into a bank account for 30 or 40 years of your life\u2026 and you were looking to earn interest on that cash\u2026 too bad!<\/p>\n

Over the past 10 years that’s been the case\u2026 there was a \u201cwar on savers\u201d\u2026<\/p>\n

Today, I’m happy to announce that the war is cooling down\u2026 and high-yield savings accounts are warming up!<\/p>\n

Before I get to the good stuff, I want to make sure we’re on the same page\u2026<\/p>\n

I’m NOT talking about certificates of deposit (CDs) here.<\/p>\n

If you’re able to lock up some cash for a year or five, then you’ll still find some high yield options out there with CDs.<\/p>\n

However, for years if you wanted your liquid, easy-to-move cash to earn interest, there wasn’t a viable option.<\/p>\n

Until now!<\/p>\n

High-yield savings accounts are popping up across the country with interest rates we haven’t seen in a decade. It’s all thanks to Jerome Powell and the Federal Reserve for finally raising rates now that the economy is fully recovered from the financial crisis.<\/p>\n

And we saw the most recent tick higher just yesterday!<\/p>\n

\n

\u201cOur economy is strong\u2026 These rates remain low, and my colleagues and I believe that this gradual returning to normal is helping to sustain this strong economy,\u201d <\/i>Fed Chairman Jerome Powell said last week.<\/p>\n<\/blockquote>\n

Allow me to interpret\u2026<\/p>\n

When the Fed Chairman says \u201creturning to normal\u201d he’s simply saying that interest rates are going to continue to head higher. And that’s coming right from the horse’s mouth!<\/p>\n

Now don’t get me wrong, we’re not talking about hitting the mother lode here. But instead of looking at \u201c0.04%\u201d interest\u2026 we’re finally seeing some online savings accounts pay closer to 2%.<\/p>\n

That’s great news for savers \u2014 but here’s the fine print\u2026<\/p>\n

You will NOT find these generous rates in your regular brick and mortar bank account. Bank of America, Chase and Wells Fargo (and other traditional banks) aren’t jumping to give out cash.<\/p>\n

Take a look at this chart from Goldman Sachs:<\/p>\n<\/p>\n

The graphic above makes the point pretty clearly.<\/p>\n

If you want to earn interest on your money, you need to start looking beyond your bank!<\/p>\n

With that said, I dug in and hunted for a list of favorites \u2014 with the best yield!<\/p>\n

Here are the three best high-yield savings accounts that should be on your radar\u2026<\/p>\n

The THREE Best High-Yield Savings Accounts For 2018:<\/h3>\n

(These are all FDIC insured and backed by some of the largest financial firms in the world. We have no financial affiliate with any of them. This list is just for information purposes.)<\/p>\n

Marcus by Goldman Sachs \u2014<\/b> You can start an online account with \u201cMarcus\u201d and start earning 1.9% annual percentage.<\/p>\n

Here’s a link to their website<\/a><\/strong><\/p>\n

Synchrony \u2014<\/b> Another easy-to-open and flexible account is Synchrony with a 1.85% APY.<\/p>\n

Here’s a link to their website<\/a><\/strong><\/p>\n

American Express Personal Savings \u2014<\/b> Most people know Amex as a credit card company, but recently they’ve gone big in the online savings arena. Today you can collect a 1.80% APY with their personal savings account.<\/p>\n

Here’s a link to their website<\/a><\/strong><\/p>\n

If you’ve got $1,000 in your savings account, this probably isn’t worth your time.<\/p>\n

However, if you’re like many hard-working, long-saving American’s out there\u2026 if you’ve got a decent chunk of change that you need to keep safe\u2026 the savings accounts above are worth a look!<\/p>\n

If you’ve saved $100,000, you’d be looking at an extra $1,800 per year in interest.<\/b><\/p>\n

And if you’re smart enough to have saved over $1 million for your nest egg, you could be looking at an extra $18,000 per year.<\/b><\/p>\n

That’s \u201cfree money\u201d if you know where to look.<\/p>\n

Oh, and one more thing! As long as interest rates keep rising, the accounts above should continue to head higher, too.<\/p>\n

Unlike a CD or a bond coupon payment, these rates can \u2014 and will \u2014 go up as interest rates rise.<\/p>\n

Sincerely,<\/p>\n

\"Matt<\/p>\n

Matt Insley
\nPublisher, The Daily Edge<\/em>
EdgeFeedback@AgoraFinancial.com<\/strong><\/a><\/p>\n

The post Thanks For The $18,000 In \u201cFree Money,\u201d Jerome!<\/a> appeared first on Daily Reckoning<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Daily Reckoning<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Matt Insley This post Thanks For The $18,000 In \u201cFree Money,\u201d Jerome! appeared first on Daily Reckoning. Is the \u201cwar\u201d finally over? For years, with low interest rates and even the threat of NEGATIVE interest rates, savers were screwed. If you piled money into a bank account for 30 or 40 years of your […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[366],"tags":[],"class_list":["post-1059368","post","type-post","status-publish","format-standard","hentry","category-dailyreckoning"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1059368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1059368"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1059368\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1059368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1059368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1059368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}