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Moving Money Out Of No Interest Bank Accounts

Moving Money Out Of No Interest Bank Accounts

October 23, 2018
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According to the Wall Street Journal's Tuesday, October 23, 2018 article,  “Banks’ Golden Deposits Are Heading Out the Door, …customers are pulling billions of dollars out of accounts that don’t earn interest and putting their money into higher-yielding alternatives.”  It also says, “For many individual depositors, rates were so low for so long on money-market and savings accounts across the industry that they opted to keep their money in checking accounts that earned nothing at all.”  You can find some alternatives by going to bankrate.com and viewing, "Best Savings Accounts & Rates – October 2018."