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Is $50,000 too much money to keep in a savings account?

If you were to invest $35,000 at that same return, in 10 years, you'd be looking at almost $91,000. That's a difference of $39,000. It's for this reason that yes, $50,000 may be too much money to keep in a savings account for you.

How to grow $50k a year with a bank account?

There are many different types of bank accounts. To safeguard and grow your $50k, you can also consider opening a money market account. A money market account offers higher interest rates than a typical savings account. However, like a checking account, it allows you to write checks. 16. Put money in a high-yield savings account

How much interest can you make a year with $50,000?

How Much Interest Can $50,000 Earn Per Year? A sum of $50,000 in cash can earn about $195 a year in an average bank savings account or as much as $2,300 if you put it into a high-quality corporate bond fund. Other options include money market accounts, money market funds, certificate of deposits and government and corporate bonds.

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