Just realized the mistake of having a majority of my savings in a traditional bank at an interest rate of 0.01% for the last 10 years. Anyone else in the same boat? Please advise.
I figure transferring to an online bank is safe. FDIC insured. Is there one I should definitely go to? Should I close out my accounts at Chase and Wellsfargo?
edit: Didn’t think I was going to get so many replies. Thank you so much. been working all day and got class now. gonna look at all these replies in class.
I’ve been holding onto 80k in savings. I do have 10k in a vanguard etf. 10k in treasury bond. 10k in a cd. and about 40k in stocks.