In this example from 2004 to 2023, Diego put $3,000 each year in a bank account to fund his short-term spending needs.
In this example from 2004 to 2023, Diego put $3,000 each year in a bank account to fund his short-term spending needs. The interest he received on his money averaged 1% over 20 years, which was relatively low. But the trade-off was that it was safe and accessible. Diego had $68,909 after 20 years.