tjarod11@lemmy.world to Ask Lemmy@lemmy.world · 1 year agoWhat short term ways to get money have you tried and how did they turn out?message-squaremessage-square24fedilinkarrow-up158arrow-down10
arrow-up158arrow-down1message-squareWhat short term ways to get money have you tried and how did they turn out?tjarod11@lemmy.world to Ask Lemmy@lemmy.world · 1 year agomessage-square24fedilink
minus-squareedric@lemm.eelinkfedilinkarrow-up7arrow-down9·1 year agoIf you already have a bit of capital, a high yield savings account. Just park your money there instead of a regular savings account.
minus-squareUsernameblankface@lemmy.worldlinkfedilinkarrow-up2·1 year agoWhat percentage of returns can someone expect from these? What amount of parked money would it take to see 1k per year?
minus-squareedric@lemm.eelinkfedilinkEnglisharrow-up2·1 year agoIt can range from between 4% and 5%+. Per nerdwallet, the highest they have listed is 5.07%. I’m not good at math and how bank rates work, but you can probably try computing based on those percentages.
If you already have a bit of capital, a high yield savings account. Just park your money there instead of a regular savings account.
What percentage of returns can someone expect from these? What amount of parked money would it take to see 1k per year?
It can range from between 4% and 5%+. Per nerdwallet, the highest they have listed is 5.07%. I’m not good at math and how bank rates work, but you can probably try computing based on those percentages.