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Reply to "High-interest savings accounts"

Ally used to carry the payments on our Nissan Sentra before my wife was rear ended and nearly killed back in December of 2015. We dealt with them for 2 1/2 years, and they were very easy to deal with. We've considered putting our money in the "high" interest savings accounts, but, like you, haven't quite pulled that trigger yet. We've got a friend who is making more by putting his money into back taxes on small properties. He's getting on average of 6-8% a year on  his money compared to 1.75-2.25%. That's quite a difference. Got to weigh your options and the risks though. I still might like the lower rates at something sure and FDIC insured like the savings account/CD

 

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