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Why you should keep your sinking funds in a high-yield savings account

Por: CBS News Business November 10, 2023

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A high-yield savings account can help you earn money as you plan for upcoming expenses.  lOvE lOvE / Getty Images Sinking funds are an effective way to plan for upcoming expenses. For example, if you know you'll need to pay $750 to renew your car insurance in six months, you could put $125 into a sinking fund each month. When the clock expires after six months, you'll have the $750 you need to renew your insurance without having to... + full article



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