“Keep the money safe,” I said. A savings account at Synchrony Bank or Ally Bank currently pays about 1.05% and 1.00%, respectively. 3 Takeaways For You or Your ParentSo here are three takeaways for you from my story:First, safe money must meet three criteria. Wells Fargo made news last year for its sketchy sales incentives resulting in two million fake accounts (my dad’s bank was not Wells Fargo). Other sales incentives are just as bad.

Source: Forbes January 17, 2017 18:40 UTC