Reported about 7 hours ago
As the Federal Reserve lowers interest rates, Gary Zimmerman, founder and CEO of MaxMyInterest, discusses strategies for maximizing returns on high-yield savings accounts. He emphasizes the importance of securing the best rates, noting that a significant portion of wealthy households' assets are held in cash, often earning little. Zimmerman advocates for using intelligent cash management solutions to ensure one's liquid assets are growing through compounding effectively, and he recommends exploring various investment options, including bonds and CDs, to enhance yields.
Source: YAHOO