Over the past year I’ve been opening and changing savings accounts while rates increase. Wondering if the extra amount is really worth all the time.
Let’s say you have $50,000 that you’re moving around chasing yield. A 0.5% increase is only $250 extra over a full year. How much are people keeping in savings that are also playing this game? Is it worth it?
Maybe when there’s an additional bonus?
Ladder t bills or use federal money market funds instead?