July 31, 2020
People fear they’ve got too much cash in their bank accounts
By admin | |
The comfortable, if small, returns of high-yield savings accounts are looking less palatable as volatile assets take off. There's no guarantee that yields for these accounts will rebound any time soon. In a survey by Bankrate 28% of Americans said the stock market was their top choice for long-term investments. From March 23 to July 1, the S&P 500 rallied 40%.