How to open a high interest savings account in 5 minutes
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If you are putting your dollars into a traditional bank savings account in Aug 2021. You are actually losing your wealth at a rate of 5.29% annually. 5.3% inflation rate as of Aug 2021 minus .01% traditional bank interest rate equals a net loss of 5.29% Basically a negative interest rate or "loss" of 5.29% annually if you keep your savings in a traditional bank savings account.
I am going to provide a short but complete guide to opening a high interest savings account in the U.S. By the end of this guide you will have a high interest savings account set up.
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