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Question for the Money Doctors

Question submitted on Jan 11, 2022.

Question

What kind of savings account will help me get the most out of my money? I don't want to spend a lot on fees to open or maintain this account.

Answer

Hi - Depending on your goals, a great option is investing in Series I Bonds.  These are US Government bonds that have a hedge to help protect against inflation.  As such, the current stated interest rate is 7.14% until April 2022.  That rate changes every 6 months.  You can research and invest in these bonds by clicking this link.  Hope this helps!


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