Remarks
With 4% Savings Accounts, Is It Finally Time to Break Up With Your Bank?
Returns on cash investments—no pain, just guaranteed gains!—is tempting savers to get rich gradually again.
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It wasn’t too long ago that many personal finance discussions were dominated by such burning questions as: Can I juice my retirement by betting on the stock of a mall video game store? How about digital pictures of apes? Well, things have changed.
A surge in interest rates has popped the bubbles in especially speculative corners of financial markets. But a major side effect of the new financial regime is a focus on an investment many of us may have forgotten to view as an investment at all: boring old bank savings accounts, some of which now pay yields of more than 4% after years of offering rates that round down to zero.