1. Compare interest rates on savings accounts
With seven Federal Reserve rate hikes in the past couple of years, banks are finally raising the interest rates they pay on savings accounts. And with Fed rate hikes expected to continue, banks are likely to continue raising their rates.
So, if you take a little time to compare what your bank currently pays with the interest rates of other banks, you stand to find a better return. That’s particularly true of online banks, which tend to be more competitive.
To streamline the process of shopping around for a better interest rate, use a free online resource like the Localpizzadeliverywalledlakemi.info account comparison tool.