140 - Savings and Startups: Credit Carma CEO Ken Lin; Snowflake CEO Frank Slootman
Fortt Knox13 Okt 2019

140 - Savings and Startups: Credit Carma CEO Ken Lin; Snowflake CEO Frank Slootman

It’s hard to save money these days – and I’m not talking about the new phones and earbuds that come out this time of year and tempt you to spend. Interest rates are really low. Which is great if you’re borrowing to buy a house or a car, but not so awesome if you want to save. The interest rate for the typical U.S. savings account is 9 hundredths of a percent.

But! All is not lost. For a long time there have been higher rates for savers, even from mainstream banks. Now a young and scrappy group of tech startups are pushing the boundaries further with interest rates at about 2% – that’s 20 times higher than average. It’s the difference between earning 16 bucks a month on 10 thousand dollars in savings, or earning just 75 cents.

That’s just the beginning. There are cheaper ways to trade stocks, ways to make money off of credit cards. Today we’re going to help you put a plan together.

With me this week, CNBC’s personal finance expert Sharon Epperson. And Kenneth Lin, CEO of Credit Karma, which has just announced it’s launching one of these high-yield savings accounts. Later, Snowflake CEO Frank Slootman.


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Avsnitt(147)

147 - New Life for Fortt Knox on LinkedIn and YouTube. See You There!

147 - New Life for Fortt Knox on LinkedIn and YouTube. See You There!

https://www.linkedin.com/in/jonfortt/detail/recent-activity/https://www.youtube.com/c/forttknoxI should have posted this way earlier, but I've been getting questions. Here's the skinny: Fortt Knox is ...

26 Sep 20202min

146 - AWS CEO Andy Jassy on JEDI, the Cloud's Future and More

146 - AWS CEO Andy Jassy on JEDI, the Cloud's Future and More

In the late 1990s, Andy Jassy pitched a wild idea to his boss and mentor, Jeff Bezos: What if Amazon developed another business, delivering computing power and storage . Two decades later, it stands a...

7 Dec 201945min

145 - Trump and Apple’s CEO Talk Business in Texas

145 - Trump and Apple’s CEO Talk Business in Texas

A walk to remember. Apple CEO Tim Cook and President Donald Trump in Texas this week, and it’s a high stakes photo op. They’re at the factory in Austin Texas where Apple’s Mac Pro computer is assemble...

23 Nov 201929min

144 - A Fresh Look at Design: Melanie Perkins, co-founder and CEO of Canva

144 - A Fresh Look at Design: Melanie Perkins, co-founder and CEO of Canva

I was on the road this week, doing a little tour of California. Three cities in three days. San Francisco Monday, L.A. Tuesday, San Diego Wednesday. Adobe’s MAX conference was this week in LA, where t...

10 Nov 201919min

143 - Microsoft JEDI: The Empire Strikes Back; with Morgan Brennan

143 - Microsoft JEDI: The Empire Strikes Back; with Morgan Brennan

It's the biggest single cloud contract … possibly ever. Definitely the most talked about. The Pentagon's Joint Enterprise Defense Infrastructure contract. JEDI, going to: Microsoft late last week. The...

2 Nov 201925min

142 - Mr. Zuckerberg Goes to Washington: with John Stanton and Farhad Manjoo

142 - Mr. Zuckerberg Goes to Washington: with John Stanton and Farhad Manjoo

Facebook CEO Mark Zuckerberg in Washington this week arguing for Libra, the digital currency his company created and wants to build around. This after he last week made the case in front of an audienc...

26 Okt 201926min

141 - Tech's Free Speech Challenge

141 - Tech's Free Speech Challenge

Tech just can’t get away from politics.  Senator Elizabeth Warren has a bone to pick with Facebook. Mainly its standards for political ads. After Facebook refused to take down a Trump Campaign ad that...

19 Okt 201926min

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