r/povertyfinance • u/k1ranell • 1d ago

Saved my first $5k at 26 pls clap 🥹 Success/Cheers

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I also have some $820 in acorns and <$1500 in a rollover IRA I have yet to move to a ROTH but putting it off for tax/wuss reasons. However, I have $772 in CC debt. But a win is a win, I can pay it off with time 😁

Gonna try to save $10k next year

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u/joeythurston30 1d ago

bank is wealthfront was 5% for me when i used it

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u/amethyst_dep 1d ago

As interest rates have been cut this year, Wealthfront apy has been reduced twice. It currently sits at 4.25% and will likely see another reduction when the Fed cuts rates again.

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u/rainbowgirl6 2h ago

They cut it down to 4.00% /:

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u/Pls_PmTitsOrFDAU_Thx 1d ago

It's fallen a bit. Been using for a year and the 5% was awesome. K think now it's 4.25? Can't remember

I'd suggest CDs is you have some extra money you can lock away some funds for 3mo to a year