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Benzinga
Benzinga
Business
Kaili Killpack

Suze Orman Bursts The Bubble On 3.75% 'Monthly' Savings Account — And Tells Listener To Pay Off $43K Debt Immediately

Washington,,Dc,-,January,12:,Financial,Adviser,,Author,,And,Tv

When a listener wrote in to Suze Orman's "Women & Money" podcast asking whether to keep savings or pay down debt, the answer came fast — and with a dose of financial reality. 

The listener, Gloria, believed she was earning 3.75% interest monthly on her $88,000 savings account. Orman was quick to call that out as a misunderstanding — and used it as a teachable moment.

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