Statistically, most Americans overlook savings accounts. We know this because overall savings contributions have decreased for a large majority over the past few decades. At the same time, a significant wealth gap has been developing also.
How does this information affect you? You should maximize your money in savings accounts by finding the best interest rates.
Magnify Money reports that “29% of households have less than $1000 in savings”.
Here’s where Betterment comes in. Betterment is your smart money manager. They offer everyday banking services, online retirement advice, and investing for your personal goals.
Betterment – A Smarter Way To Invest
Luckily for you, understanding what you can save should be easier now that you know how to construct a budget. Combine with a 2.68% APY yield in a Betterment Everyday Savings Account(1) and you’re on the right path wealth accumulation.
You can gain early access by going here https://wwws.betterment.com/cw/3bycxn.
Online Banking is Rising
There are many reasons why switching to an online bank could be beneficial. You can compare what your current bank offers you now relative to the potential value you’re missing out on. Doing this and specifically writing down the pros and cons will help you make a decision.
Betterment Everyday Checking Account offers an online checking account with ATM fees reimbursed from any outside ATM worldwide, no account fees, overdraft fees, or minimum balances.
Meanwhile, we will have our investment accounts linked in one place so transfers to our investments and savings from our checking account can be set-up automatically while we gaze sea turtles from Bali(2).
If Betterment’s Everyday Checking is something that interests you, click https://wwws.betterment.com/cw/3bycxn to join the waitlist with us.
1. The Betterment Savings Account is currently offering a APY of 2.68% (this value may fluctuate due to it being tied to the Fed Funds Rate, however, for a savings account with a 1mo-72mo goal horizon this is one of the better options available). Overall, in time, the interests rates that Savings Accounts will offer will fluctuate due to economic markets. We already know it’s going to happen, we just want to monitor where to put our savings when conditions change.
2. The WorldWave team has been utilizing the tools on Betterment for various different investments of our members (a future post on Betterment will follow). Betterment offers its customers helpful tools to keep track your investment goals you set for yourself. In addition, the site’s interface is simply designed so even somebody not experienced in managing one’s personal investments can navigate between each account easily.
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