Washington Trust Bank’s Post

Think investing is risky..? 𝗧𝗵𝗲 𝗿𝗲𝗮𝗹 𝗿𝗶𝘀𝗸 𝗶𝘀 𝘁𝗮𝗸𝗶𝗻𝗴 𝗻𝗼 𝗮𝗰𝘁𝗶𝗼𝗻. Here's what's left on the table on saving $2,000 per month when we compare long-term market returns to letting your cash accumulate in the bank. Over 10 years 🏦 $272,343 📈 $365,892 Over 20 years 🏦 $621,949 📈 $1,178,040 Over 30 years 🏦 $1,070,735 📈 $2,980,718 Over 40 years 🏦 $1,646,837 📈 $6,982,015

Is your financial institution considering selling available for sale securities at a loss? Have you recently done so? Check out my 3 minute alert to make sure you consider all the implications. #banking #creditunion #liquidity #investments

Understanding the difference between compound interest and simple interest is crucial for anyone managing their finances. When it comes to putting money in the bank, most accounts offer simple interest. While some banks may provide rates as high as 7%, the majority typically offer between 0.01% and 4%. Although it’s important to have an emergency fund, relying on simple interest alone might not be enough if you’re aiming to maximize your earnings through compound interest. If you’re serious about growing and protecting your money, I encourage you to explore ways to effectively use compound interest. For more insights, check out the article and click the link in my bio! Down below is the article 👇 https://lnkd.in/eZBJVfJV

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A fresh look at managing your cash and investments in today's changing interest rate environment can help support your pursuit of the goals that matter most to you.

A fresh look at managing your cash and investments in today's changing interest rate environment can help support your pursuit of the goals that matter most to you.

A fresh look at managing your cash and investments in today's changing interest rate environment can help support your pursuit of the goals that matter most to you.

A fresh look at managing your cash and investments in today's changing interest rate environment can help support your pursuit of the goals that matter most to you.

A fresh look at managing your cash and investments in today's changing interest rate environment can help support your pursuit of the goals that matter most to you.

A fresh look at managing your cash and investments in today's changing interest rate environment can help support your pursuit of the goals that matter most to you.