How To Grow Your Money Fast
Woman's Day|October 2019
When your to-do list stretches for miles, your bank account isn’t always top of mind. Here’s how to nurture your savings in the most hands-off ways possible.
Lisa Freedman
How To Grow Your Money Fast

1 OPEN A HIGH-YIELD SAVINGS ACCOUNT

Most traditional savings accounts offer an interest rate of around 0.03%. But if you’re willing to say goodbye to a brick-and-mortar location, you could earn more than 2% interest with online banks like WebBank (webbank.com) and Vio Bank (viobank.com). “Online banks have less overhead, so they’re able to offer you better interest rates,” explains Andrea Woroch, a consumer-savings expert. Check bankrate.com to see where you’ll get the most interest, and pick a bank that is FDIC insured.

2 CONTRIBUTE UP TO YOUR COMPANY’S 401(K) MATCH

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