ST Alpha - "Ok. ST Financial department please. We are starting to save money beyond what we need or even plan for, what can we do with it beyond just savings?" (Reading a Post)

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Ok. ST Financial department please. We are starting to save money beyond what we need or even plan for, what can we do with it beyond just savings?

Posted by volnelk Dec 12 '16, 09:07

The current saving account pays .06%

I don't want to do anything too risky or too long term, but I figure there is a product or investment out there that will earn more than $6.69 annually which is what the account has made for us this year.

Responses:

This is a pretty good list of things to do. -- (link) - spamlet Dec 12, 09:42 1
- *bookmarks for later* -- nm - znufrii Dec 12, 09:54
Check out an investing app like Acorns or Stash. -- (link) - ReluctantCynic Dec 12, 09:21 1
- Cool. Thanks! -- nm - volnelk Dec 12, 09:32
Rates on zero and low-risk investments like money markets and CDs are all pretty atrocious right now, but that should slowly be improving. - Baron Zero C Dec 12, 09:16 2
- which completely hoses my student loan rate. (I blame ty97, for whatever reason.) -- nm - university of amanda jones Dec 12, 09:26 1
  - Note to self: need to figure out when it starts making sense to make additional payments on mine. - znufrii Dec 12, 09:33
High yield online savings account should be able to get you upwards of 1%, for starters. -- (edited) - znufrii Dec 12, 09:14
I accept donations to my concert fund. I will form a corporation to get you a tax deduction, if necessary. -- nm - jnine Dec 12, 09:09

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Ok. ST Financial department please. We are starting to save money beyond what we need or even plan for, what can we do with it beyond just savings?

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