{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2Fc7b6feaf-d2fb-4c91-85e1-42ad91ffb733","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"Make More Than .01% Interest From Banks | E81 Jeremy Keil","description":"19 cents. That\u2019s how much in interest that my bank paid me in 2022.\n \nI\u2019m not sure if that makes me want to cry, yell, or laugh but those are none of the feelings that I want to have when it comes to calculating my annual bank interest.\n \nThe good news is, I don\u2019t keep a ton of money in my savings account. Simply a couple thousand dollars that acts as an emergency fund.\n \nBut that comical calculation would make me furious if I had tens of thousands of dollars in my savings account.\n \nThe last few years have shown us the real impact of inflation. An item that cost $100 in 2020 cost roughly $115 today using the average cumulative rate of inflation.\n \nWhat does that mean? Just to break even, you want your money keeping up at the same rate. 19 cents isn\u2019t going to do that for me.\n \nLuckily Jeremy Keil is here to give us some strategies on how we can make more interest from our savings.\n \nWe also talk about how much money you should have in your bank account, what are I bonds and how you can use them for short savings, and why, even as a young adult, you shouldn\u2019t discount social security in your retirement plan.\n \nKey Takeaways:\nWhy are interest rates continuing to go up?\nHow is inflation calculated?\nHow much money should I have in my bank account?\nHow to find the best bank account interest rates?\nAutomate your bank savings rate using maxmyinterest.com\nWhat are I bonds and how to use them to get more interest out of your savings\nWhere to buy I bonds\nWhat are treasury bonds?\nHow to negotiate your interest rates with your current bank\nWhy social security is going to be around for you when you get older\nHow is social security calculated\nHow to fix social security\nAsk better questions with motivational interviewing\n \nMentions:\nwww.bankrate.com\nwww.maxmyinterest.com\nwww.treasurydirect.gov\n \nMore of Jeremy:\nwww.retirement-revealed.com\n \nMore of Justin & The Struggle is Real:\nFind show notes and more at https://www.tsirpodcast.com/\nFollow us on Instagram at https://www.instagram.com/tsirpod/","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/e04580ec-8530-4793-a334-ed1bc467732d/XevS4-PNhQv0Z9Trn3D3XQo4.png"}