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Old 05-29-2023, 09:59 AM   #13341
Munson Munson is online now
Roy E.
 
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Join Date: Sep 2005
Location: Olathe, KS
Casino cash: $8429646
Open up a high yield savings account. There are plenty of places to choose from with rates over 4%, and as high as 4.85%.

https://www.bankrate.com/banking/sav...ings-accounts/


Assuming you put in $100,000, and earn 4.85% compounded daily, you should get $4969.20 in interest after 1 year according to this compound interest calculator.

https://www.bankrate.com/banking/sav...gs-calculator/


If you want to go with CD's, you can get well over 5%.

https://www.bankrate.com/banking/cds/cd-rates/



I opened a high yield savings account a few months ago with UFB Direct, and was able to get an interest rate of 5.02% APY. I was tired of getting 0.5% at my local bank, and before that it was at 0.1% for the longest time.
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