If you’re the type of person who likes to save for a rainy day, these are not good times. Interest rates for savings accounts and CDs are at shockingly low levels. And the federal government is promising those rates won’t rise anytime soon. So what’s frugal, sensible, savings-oriented person to do?
Have you thought about dividend-paying stocks? There are risks of course — particularly that the company will cut dividends in hard times, or even worse, that the stock will plummet in value, wiping out your principal. But when “savings” accounts pay just slightly more than zilch in interest, it may be time to take on some risks and look at dividend-paying shares.
Source: My Bank Tracker
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- 10 Quality Dividend Stocks Trading Below Their Fair Value
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