Here's how to make sure you are on the upper end of that range:
- Compare savings account rates. The range of rates being offered is very wide. Shop around to make sure the rate you get is competitive.
- Consider an online bank. On the whole, online banks offer higher rates than traditional banks.
Underutilized retirement plans
- Adjust your payroll deduction to put as much as you can afford into your employer-sponsored plan. If your employer has a match or partial match on a certain level of contributions, make sure you are contributing at least enough to take full advantage of that match.
- Make full use of IRA plans. If you didn't maximize your IRA contribution in 2012, you can still do so between now and April 15, 2013, and still make an additional contribution for the 2013 tax year. Be aware that if you are over 50, you can probably contribute $1,000 more than the standard limit.