@tjarod11@lemmy.world to Ask Lemmy@lemmy.world • 2 years agoWhat short term ways to get money have you tried and how did they turn out?message-square38fedilinkarrow-up163arrow-down10
arrow-up163arrow-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 • 2 years agomessage-square38fedilink
minus-squareedriclinkfedilink-2•2 years 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-square@Usernameblankface@lemmy.worldlinkfedilink2•2 years agoWhat percentage of returns can someone expect from these? What amount of parked money would it take to see 1k per year?
minus-squareedriclinkfedilinkEnglish2•2 years 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.