Investing
What a rate floor means for your savings
Why a steady rate can beat a higher one that keeps changing.
Ava Brooks
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4 min read
A rate floor is the lowest rate an account will pay, no matter where market rates move. It trades a little upside for a lot of predictability.
Planning beats chasing
Chasing the highest headline rate often means moving money every few months. A floor lets you plan a goal with confidence and leave the account alone.
Read the terms
Check how long the floor lasts, which balances it applies to, and what happens when it ends. A good floor is clear and written down.
Keep reading
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How much should your emergency fund really be?
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APY vs. APR, explained in two minutes
The two acronyms that decide how much you earn or owe.