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EP 44: Flourish Cash – Is Your Cash Working For You?

May 1, 2025

Is your cash working for you? Each year individuals leave thousands of dollars on the table by accepting the extremely low interest rates offered on their checking and savings accounts. In fact, this is an area where we consistently see family after family missing out on significant income that could easily be theirs. With the significant drop in interest rates after the Great Recession, most banks began paying little to no interest to their depositors. Over the ensuing 15 years, most individuals became accustomed to earning very little interest. Now as overall interest rates have started to rise, most banks have left the interest rates they pay on deposit accounts very low. With most individuals no longer expecting to earn interest on their bank accounts, very few have spent the time to find a solution paying a better interest rate. For many families, this costs them thousands of dollars each year. The good news is that this is one of the easiest issues to fix! In this podcast, we discuss a simple option to begin earning a competitive interest rate on your cash balances. If you want your money to work for you, we think you’ll enjoy this podcast episode. Thanks for listening! For more details we recommend that you check out our blog post covering the same topic at https://pw-wm.com/learn/financial-planning/flourish-cash-is-your-cash-working-for-you/

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About The Podcast Hosts

Steve & Nathan

Steve and Nathan have a passion for teaching others about finances and how to build the financial independence that is achievable with the proper planning. In their roles at Prairiewood Wealth Management, both Nathan and Steve focus on providing comprehensive financial advice to ensure their clients have a coordinated plan that covers all aspects of their finances including their investments, insurance, estate plan, and charitable giving goals.

As Certified Public Accountants (CPAs), both Nathan and Steve believe that one of the most overlooked aspects of financial advice is the tax impacts that result. Accordingly, a core focus of the advice they give centers on integrating tax strategy into the overall financial advising process.

Steve and Nathan are excited to share their knowledge through this podcast as well as their blog with the goal of helping you effectively manage your family’s wealth and ensure you have a comprehensive and coordinated plan for your future.

About Steve & Nathan