275: How to Maximize Your Savings Rate

U.S. savings account interest rates are at decades long highs, so Sam and Johnny hop in on this 101 episode to help you find ways to maximize your savings rate of return. The guys go over High Yield Savings Accounts (HYSAs), treasury bonds, annuities, money market accounts & more creative ways to get those extra percentage points. They'll also discuss how much savings you should be holding in case of emergencies. They'll also go beyond the United States to help out with some options for our overseas listeners as well. Share this episode with your friends, you'd be surprised how many people do not having any or very little savings!
Discussed:
U.S. Treasury Bonds
ILAB Episode 004: Stan the Annuity Man
ILAB 182: If I Have $X Saved, Where Do I Invest It?
Where we are:
Johnny FD – Kyiv, Ukraine / IG @johnnyfdj
Sam Marks – South Carolina/ IG @imsammarks
Derek – Los Angeles / IG @DerekRadio
Sponsor:
Nom Nom
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Like these investments? Try them with these special ILAB links:
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
*Johnny and Sam use all of the above services personally.
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Time Stamp:
10:22 - Savings Best Practices
18:54 - Where to Put Your Savings
27:46 - US Treasury Bonds
32:45 - HYSA vs. Bonds
38:07 - Annuities
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