Hey Money Guy Show Family! Cash is making money again. That’s right. Times are changing and you can generate income from cash again. (Seriously)
The Great Recession (2008-2009) slashed interest rates and they were in a free fall sitting on the bottom at 0.5% for the better part of a decade. Now, cash is making a comeback and it can yield over 2% today in high-yield savings accounts and over 2.5% in a 1-year CD and 3% for longer term CDs.
We’re at the point now where we all should start paying attention to cash as an asset class that can yield a return and what you can do about it.
For more details, please visit the show notes on our website:
https://www.moneyguy.com/2018/10/cash-is-making-money-again-here-is-what-it-means-for-your-wallet/)
