It's not stellar but if you want it to be safe and not earning .2% something like that may be your best option.
Right now I would forget about savings accounts and CDs, in favor of rewards checking accounts. At least for the first 15-25k of your money (assuming you don't want to risk the money in investments that carry risk)
Several banks offering rewards checking accounts of 2-3% for up to the first 5k, 10k, or even higher.
Yes it's a bit of work; the requirements vary but are fairly standard - at least 1 direct deposit or bill pay, and around 12 or more debit card transactions a month to qualify for the higher interest rate. That's not so hard to do really.
no penalties, no early withdrawal fees, even if you miss the requirements for one month you just don't get the higher interest rate that month (you'll get it again if you meet the requirements next month), and when the landscape changes and savings accounts or other options are looking better, no problem to pull your money and move it elsewhere
OP, if anyone knew where to get a low-risk return of 3-5% we'd all be flocking there. It's just not out there right now, at least in the forms of an insured account/security. I bonds are a little above 1% which is better than many savings accounts. I personally have been buying precious metals, in the form of coins and guns.
If I try, I might fail. If I don't try, I will fail.
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