I’m 64. I just inherited $50,000. I’m leary of investing it in stocks as I took a bath after 9/11 and saw my $70,000 401(k) cut in half. I have been looking at high-interest savings in digital banks such as CIT bank. But I am concerned about their legitimacy.  -James I can understand your concern about both stocks and wanting to be sure a financial institution is legitimate before depositing your money into its products. Fortunately, there are some pretty straightforward ways to check. Keep in mind: While ...

Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have been falling, so it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. Overview of savings interest rates today The national average savings account rate stands at 0.40%, according to the FDIC. This might not seem like much, but consider that three years ago ...