Episode Details

Inflation has curved downward affecting interest rates, presenting challenges for savers. There are great differences between financial institutions regarding savings rates. Clark discusses how to get the best rates on CDs and savings accounts, and why you NEVER allow a CD to auto-renew.  Also, Amazon is feeling the heat from Temu and Shein, and they are answering with a new competitive site. 

• Saving Rates Update: Segment 1
• Ask Clark: Segment 2
• Amazon’s New Discount Store: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• 16 of the Best High-Yield Online Savings Accounts in July 2024
• Best Online Banks: Free Checking and High-Interest Savings Accounts
• Why Big Banks Are a Bad Place for Your Cash
• What To Do BEFORE Your CD Expires
• What Is a 403(b) and How Does It Work?
• How a 457 Plan Works After Retirement - Investopedia
• What Are Index Funds?
• Longevity Insurance: What Is It and Do You Need It?
• Amazon set to take on Temu and Shein with new discount section
• How Higher Income Can Affect Medicare Premiums
• 7 Things To Know Before You Use Zelle
• How To Spot and Avoid Gift Card Scams

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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