05/07/2026
$30,000 in a brick-and-mortar bank earning 0.01% pays you about $3 a year. The same $30,000 in a high-yield savings account at 3.15% pays you around $945. (Hypothetical — rates move, your situation may differ.)
Most pre-retirees I work with hold meaningful cash — emergency reserve, estimated tax money, a buffer for an upcoming Roth conversion. That cash should be working harder.
NerdWallet and Bankrate both maintain regularly updated lists of FDIC-insured banks paying competitive rates. Two-minute search. Confirm FDIC insurance and that the rate is on a savings or money market account, not a teaser CD.
Where it gets more interesting: when that cash is sitting against a planned tax event — a Roth conversion, an RMD year, a property sale — and how it coordinates with the rest of your plan.
If you’d like a second set of eyes on whether your cash is working as hard as it could:
→ DM: “CASH” here on Instagram
→ Email: [email protected]
→ Call: 864-232-8111
→ streetwealthmanagement.com
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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
