Putting your money into a savings account
means you are losing money
. Savings accounts typically pay as little as of 0.8% average percentage yield (APY) – check out this overview of savings account rates
. There are other fixed income investments that provide a substantially higher yield and you should include them in your investment strategy.
On Bitbond you can earn an average 13% APY
on a globally diversified portfolio of small business loans
. The difference this can make in your earnings is huge. Let’s say you invest $1,000
. This is what you will earn in interest after 3 years:
As you can see, depositing your money in a typical savings account may result in you missing out on hundreds of dollars.