Retired Folk, I salute you: when people say that children are our future, that’s nothing more than a bunch of pro-playground propaganda. I used to be a kid- that’s right, I’ve been there- and I’m here to tell you that childhood is in the PAST, baby, and retirement is the future. Forget all about your hopscotch and jungle gym antics- my future is all about shuffleboard and Matlock fanatics.
But in hard times, even retirees need to be smart with their nest eggs. So, if you’re a member of AARP, you might be happy to know that you’re eligible for a variety of AARP’s savings accounts as powered by Waterfield Financial. Among your current options are a High-Yield Savings account with a 1$ minimum balance to open and maintain your account.
If you need your savings to be a bit more fluid, they also offer a couple of different options in the form of a Secure Money market account which right now offers a 0.30% APY for balances below $25,000, and a 0.40% APY for balances of $25,000 and above.
If your nest egg is enough to feed a small village (a pretty big egg!), then you might be more interested in the Jumbo Secure Money Market Account. With an account balance of $50,000 or more, you get to benefit from their 1.05% APY. Of course, with an account balance like that in today’s economy, you probably don’t need any tips on saving from a ragamuffin like me!
With any of these savings accounts, you’d be glad to know that there are no monthly service fees, and you’d have the option of using their free ATM Card and their ATM Fee Reimbursement Program. But if writing checks is your modus operandi, one of the Money Market accounts is probably more your forte.
In order to be eligible for this savings account, you must be an AARP member. You can apply online here.
So if you want your retirement years to be more silver than grey, AARP’s savings accounts may be the right plan for you. Just don’t lose it all in a shuffleboard bet gone awry!