Don’t make these 4 mistakes when choosing a savings account
Are you ensuring that you’re avoiding these mistakes to ensure your savings accounts are working toward your personal financial health? As the President and COO of Save, an SEC-regulated financial adviser, a goal of mine is to ensure that our customers are optimizing their money to work for them. With Market Savings, our customers can earn market-driven returns‡ while their deposits are FDIC insured.† Whether you are using Market Savings or a traditional savings account, don’t make these four mistakes: Mistake 1: Don’t overpay taxes** In the U.S., savings account interest is taxed as ordinary income. This tax treatment means,…