High interest rates are on pause again. This is the savings account you should avoid.
Not every savings account is favorable in today's high-rate climate. Here's one you should specifically avoid now.
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Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Previously, he worked as a senior editor for FoxNews.com and FoxBusiness.com. A former sports reporter, Matt covered professional boxing in New York City for 18 years. He is the former Vice President and Secretary for the Boxing Writers Association of America (BWAA) and is an elector for the International Boxing Hall of Fame. He has a master's degree in journalism from Columbia University.
Not every savings account is favorable in today's high-rate climate. Here's one you should specifically avoid now.
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