Interest rates are high, which means yields on your savings are high too. NTD wanted to find out if it’s a good idea to keep cash on the side, outside of an emergency fund.
Certified financial planner and founder of Mitlin Financial, Lawrence Sprung, joined NTD to discuss the issue. He says that getting the full potential out of your cash comes down to three factors, namely what the money is being used for, what the saver’s time horizon is, and their willingness to take on risk.