Episode Details
Back to EpisodesCash Is Making Money Again! Here Is What It Means For Your Wallet
Published 7 years, 3 months ago
Description
Hey Money Guy Show Family! Cash is making money again. That’s right. Times are changing and you can generate income from cash again. (Seriously)
The Great Recession (2008-2009) slashed interest rates and they were in a free fall sitting on the bottom at 0.5% for the better part of a decade. Now, cash is making a comeback and it can yield over 2% today in high-yield savings accounts and over 2.5% in a 1-year CD and 3% for longer term CDs.
We’re at the point now where we all should start paying attention to cash as an asset class that can yield a return and what you can do about it.
For more details, please visit the show notes on our website:
https://www.moneyguy.com/2018/10/cash-is-making-money-again-here-is-what-it-means-for-your-wallet/