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December 2017 Interest

December 31st, 2017 at 06:21 am

December interest earned from all cash accounts is $99.14. Starting to approach $100!

I expect that we will exceed $100 a month in interest earned in the coming year. I have added even more cash, specifically $8,000, to higher interest accounts. And it seems interest rates have finally started creeping back up. That is a big deal for savers. We have had a lot of years with very low interest rates. We are earning 1.4% on our online savings account and between 2.0% and 2.25% on three different CDs.

I will include all 2017 interest in my Big Goal total since I am using that money to help meet that goal.

1 Responses to “December 2017 Interest”

  1. frugaltexan75 Says:

    Wow! That's a decent amount of interest income. Ours should be fairly close to that - though we have accounts paying 5% and 3% (ones you have to make so many debits per month, etc)

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