Keeping ALL of your hard earned cash savings in a bank savings account is a joke. The interest the banks are paying is an insult. I would only keep a enough cash in a bank savings account to access in case of an emergency. Open a brokerage account with TD Ameritrade, Fidelity, or Schwab. Theres a municipal Bond Fund that trades like a stock and pays approx. 5.7% annual interest FEDERAL TAX FREE. Best of All, pays a monthly interest on the first of every month. Yes, the Bond price goes up and down. But really, 5.7% Fed tax Free and a monthly payout. I have been following this Municipal Bond fund for 7 years. I truly believe it's a great fund that should be in your portfolio. Check it out the symbol is IIM.
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