r/povertyfinance 1d ago

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

Post image

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

76.9k Upvotes

View all comments

Show parent comments

3

u/freddie2ndplanet 1d ago

you’ll only get these rates with subpar internet banks that offer no services. not worth putting your money in there for 0.5% more esp with relatively small balances

2

u/fredthefishlord 16h ago

Every % counts. As long as they don't screw with your money what would you want from a bank besides interest rates anyways?

1

u/freddie2ndplanet 13h ago

solvency. liquidity, customer service, other financial services, trust, etc, etc, etc.