What's a Better Alternative to a Savings Account?

Some exciting news - I just signed my first brand deal to create financial education content for Reconcile Money, a tax reporting software for advisors that helps investors pay less in capital gains.

I'll be recording a few videos per week around different personal finance and money topics so if you don't follow me on Twitter, here's a link to my profile if you'd like to catch all the latest videos.

For the first one, I answered the question "what's a better alternative to a savings account?"

This is a great, timely question because inflation is currently sitting at 8.5% and the national average interest rate for savings accounts is .06%...

So, some alternative places to park your money include:

  • High-yield savings, CDs, money market accounts
  • Taxable investment accounts
  • Tax-advantaged retirement accounts
  • Crypto
  • I-bonds
  • Alternatives (collectibles, wine, real estate, etc)
Watch the full video (4 min)

Money, memed.




Just keep swimming,

Treyton DeVore, Certified Digital Asset Advisor™



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