Citibank savings went to 0.06%?? I have around 4% interest rate on 200k, today a lady called me and said if I wanted to open a high yield savings account I am super confused, I believe I opened with that option! She said it’s expired? Now the interest rate is 0.06%?!? Every bank is offering 4%, why did I get downgraded to 0.06%?? What do I do? Am I being fking shafted ?? …

What should we do increase our savings? 36 M 90K salary WFH 38 F 60K salary WFH No kids House bought in 2018 for 160K. Now worth 330K 5k saved per month from both salaries after bills. Placed in 4.75% HYSA. We both have older 401K’s, 30K total. My current employer gave me shares in company. But their 401K isn’t great. We do have 110K total in our HYSA. We’d like to keep 100K to be our…

What to do $5k savings a month. My wife is getting a new job that will allow us to max 401ks, pay extra on the mortgage, pay down high interest student loans, and save $5k a month. With all this in mind, where should we put the savings. Currently considering dumping it into our hysa that has 5.16% interest. submitted by /u/doread38

40k in savings, what to do with it? Hi there! I am 24 with almost 40k in a high yield savings account with Goldman Sachs with a 4.40% APY. I am a full time freelancer and have been for nearly three years, so I’m pretty good about putting money away to prepare for slow months. My worst month so far has been $1,300 total and the best being close to $12,000. My monthly expenses are a…

My toddler and savings I feel like I go through phases where I really try to save as much as I can for my baby. So far we only have one baby, a 16 month old, but I am wondering how we can save more for him. Currently I have a savings account for him where all birthday money, christening money, any money from relatives goes in a high yield savings account. So far he ha…

Savings, Taxable Brokerage, or ESPP? Currently I am bringing in $3180 bi-weekly gross. Maxing out 401k, Roth IRA, HSA, and have a budget that fits my needs. I am leftover with $550. How much should I incorporate into taxable brokerage and savings? Am I investing too much and should I save more over a taxable brokerage? My job also offers an ESPP of company stock at a 15% discount w…

What to do with my savings at 20 years old I am 20 years old have 75,000 in savings. Moved to Middle of NT and worked multiple jobs straight out of Highschool, 60-80 hour weeks that how I saved this much. I am currently enrolled in university studying law (based off my ATAR, decided to take the opportunity as I was not able to defer for another year) dont particularly enjoy it. The optio…

Should i spend all my savings on student loans? I currently have $32.5k in private student loans and about $20k in savings. I currently overpay on the loans, $1k every month. At what point should I pay off the rest of thr loan? Use all my savings when it hits 20 so i cna start pocketing an extra 1k a month? Or wait until like 10k so i still have savings if needed? I am renting an apartment no…

What to do with savings… Hi guys. I’m 27, no wife, no kids, no house or debt and from South Africa in the US on a working visa. I’m leaving the country most probably for good in the next two months. I was thinking that it might be a good idea to keep some of the money I have saved up during my time here as the currency is much stronger than back home and I’d be able to …

Debt vs. savings: the priority? If one has, say, 50k in muni bonds, earning about $2000/year (a guess) tax free, but one also has the same amount in debt with a minimum payment of $850/month, doesn’t it make the most sense to sell the bonds and kill the debt and interest expense, since the debt’s interest “outperforms” the growth of the bond? Edit: to clarify – the debt for th…

Different types of Savings How should we breakdown savings: Retirement – 15-25% + Employer Match Emergency Fund – $1000 + 3/6 months Personal Savings – vacations/fun money Kids education – 529 Other – specific uses (down payments) The first two are easier to monetize but how much do you keep/fund for Personal savings? This never seems to be discussed. I also wish people…

What to do with shorter term savings that you might have to use within a decade? A friend of mine has some inheritance money that he wants to maybe use as a down payment at some point. However the timeline is really uncertain–there’s no chance he’ll be able to afford one in the next couple of years, but a medium chance he’d be able to afford something within a decade. If it were short term, I’d recommend he’d leave the mon…

What do I do with the $50k I’ve had in savings for a year? I mean it’s in a savings account with a $4.25 APY, so it’s not doing nothing at all. It earned $1,536.36 so far this year. Is that the best option that I can do with the money unless I want to invest or buy property, or are there other options to make a better income off of it? submitted by /u/Thin_Reading_2330

When do you have “enough” savings? I wonder if I have a self-control or an unrealistic expectation problem. Every month, I plan to save a specific amount and it almost never happens (I will still save a portion of what I wanted). So where does my unsaved money go? Mostly superficial things that nevertheless give me great joy: Family dinners, occasional house improvement, clothes…

Savings Bond Confusion? (Hopefully this is the right sub for this. If anyone has a better sub, please let me know!) I recently came across a certificate for a Savings Bond that was given to me when I was born. The bond seems to be from “Fleet Financial Group”. It says on it that it will be “forwarded to you from the Federal Reserve Bank”. This would have been purchase…

How much savings should I have after my downpayment for a home? How much did you keep in savings/emergency funds? Obviously we have to use a large chunk of our savings, actually almost all to buy a place. We are going to be left with enough to cover 5 months of living expenses, plus our closing costs like lawyer/home inspection etc. Should we put a smaller downpayment so we have more savings cushion? This means our monthly payments are a bit higher. Afte…

What should I do with my savings ? Hi I’m a 23 year old male . I work as a plumber. I have accrued about 30k in my savings , have about 10k in cash , and another 9 in a few brokerage accounts. I don’t have any retirement set up, I have one property that is a duplex that is rented on both sides. I don’t have any debts or loans wondering what the next step for me would be? subm…

International Student with $20k in savings Hey!! I am a grad student who has saved upt $20k in my savings account. I earn about $2k a month and save 50-60% of it. I have no liabailties(no loans and no tution) and I have no idea what to do with this money. I am 21 and live in wisconsin but my nationality is indian. Any advice on what to do with money? I am pretty sure I have some visa res…

Liquid savings, how much? My husband and I are 55, together for ten years. In the early years I begged to establish some savings and my husband (the spender) did not want to. He does have alot in his 401k. We have some debt but its from home renovations and we pay it off pretty quickly. Recently he has started to see the value in savings and we had $10k saved up. He want…

Newborn savings for future. Hi everyone, I have a newborn and would like to start a savings plan that can grow with time. By the time the kid becomes an adult, we’d like the kid to have a solid amount. What’s the best plan? Thanks everyone submitted by /u/AnnualScientist2760