220: Where Should You Invest Your Cash Savings?

How to evaluate cash savings options at banks, credit unions and brokerage firms. Why are yields on cash savings so much higher than a few years ago. How to tell if your bank or credit union is in experiencing financial difficulties. Thank you to Blinkist for sponsoring this week's episode.

[0:10] All about banks, credit unions, and the pros and cons of cash savings

[4:47] How can banks and credit unions become financially unstable?

[14:25] The Federal Reserve is setting a new short term interest rate target

[15:55] What tools does the Federal Reserve have to keep short-term interest rates in line with its target?

[19:20] There are other options for investing your cash savings

[25:49] Is it really worth pursuing multiple investing options for your cash savings?