All the Hacks: Money, Points & Life

Maximize Earnings on Cash, CD Ladders, Bank Bonuses, Bulk Buying, and Automating Returns

29 snips
Aug 30, 2023
Discover the best ways to earn interest on your cash, from high-yield savings to US Treasuries. Get savvy tips on when to sell I-Bonds and ways to save money on meat. Learn how to protect your identity online and automate your returns for hassle-free shopping. Explore travel reward strategies that can maximize your financial benefits while traveling. Plus, hear about the latest updates on the Amex Platinum card and its lounge access changes.
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ADVICE

CD Laddering

  • Use CD laddering to spread reinvestment risk and increase liquidity over time.
  • Buy CDs of varying maturities to stagger reinvestment and access funds without penalty.
ADVICE

Wealthfront Bond Portfolio

  • Wealthfront's automated bond portfolio offers a balance between stock market risk and cash-like returns.
  • Consider whether taking a smaller equity risk is preferable to a bond portfolio with corporate and high-yield bonds.
ADVICE

Bank Bonuses

  • Bank bonuses can offer high effective annual interest rates for short-term cash deposits.
  • Calculate the effective annual rate by factoring in the bonus, balance required, and holding period.
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