Money watch heads up!

[Brownie]

Check your local credit unions. At least two here in MI are offering introductory CD rates. American One is offering 6% on a 1-year, only caveat is at least $1k in new money. I heard there's one in northern MI offering 7.1%. Beats letting it rot in some savings account.

 

[CatsAreGods]

There's also a trick (only useful for Americans) I learned at one of those free financial dinners (although I haven't checked it out myself yet): if you have a 401K type retirement account, you can convert just enough money to not get you into the next income tax bracket to a Roth IRA, then take that money out of the Roth and your tax burden won't go up.

 

[agentlossing]

There's also a trick (only useful for Americans) I learned at one of those free financial dinners (although I haven't checked it out myself yet): if you have a 401K type retirement account, you can convert just enough money to not get you into the next income tax bracket to a Roth IRA, then take that money out of the Roth and your tax burden won't go up.

I'd need to look into that a bit more, but I'm saying they're pulling your leg.