Wants a higher rate of interest
Q – I have very little disposable income, and no savings of any kind. I am looking for is a place to store small amounts of money ($500-$1500, if I can ever save that much at one time) with the ability to get access to my money. I have opened an Investment Savings Account with an on-line bank, but I want a higher rate of interest. Where would you start in a situation like this? – D.W.
A – We’d all like to earn higher rates of interest on our savings (but of course not pay higher interest on loans and mortgages). But the reality is that rates are very low right now, even though they are starting to edge up. So don’t expect much.