Jacksonville FL — Consumer Warrior Clark Howard is back with additional money-saving advice and this time he suggests moving away from the big banks to get more into your savings. Clark says if you have a savings account or a CD with a big bank it is up to you to take your money out and go somewhere else. Clark says online banks and credit unions have good returns, but the best is through the federal government.
“Buying Series I Savings Bonds and other things that work kind of like a CD called US Treasurys”. Clark says.
Clark says it’s pretty complicated, but once you know how the system works, you can link your checking account to it and can buy CD equivalents that can get you up to 100 times as much when compared to the big banks.
Click here for more information on how to set everything up.
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