I’m happy you discovered my post! The general recommendations (e.g. high-interest accounts are better than low-interest accounts, particularly if both accounts have identical risk) hold true in essentially all market and interest rate conditions. The specific recommendations for bank accounts and investments can vary with time and interest rate changes.
For instance, some banks will offer higher yields than other banks at certain times due to their cost of borrowing, revenue when lending, and desired profit level. The expected returns and risk of investments can also change. Feel free to get in touch if you have specific questions or would like our latest guidance!
Cool! I found this post from your comment in this thread: https://forum.effectivealtruism.org/posts/wwW4u4sXbP8YbfBts/eagxvirtual-unconference-saturday-june-20th-2020. With interest rates dropping, high-yield savings accounts are becoming less attractive, at least in the US and UK. Does this affect your other recommendations too?
I’m happy you discovered my post! The general recommendations (e.g. high-interest accounts are better than low-interest accounts, particularly if both accounts have identical risk) hold true in essentially all market and interest rate conditions. The specific recommendations for bank accounts and investments can vary with time and interest rate changes.
For instance, some banks will offer higher yields than other banks at certain times due to their cost of borrowing, revenue when lending, and desired profit level. The expected returns and risk of investments can also change. Feel free to get in touch if you have specific questions or would like our latest guidance!