Thursday, July 27, 2023

Today’s Savers Are Missing an Easy Opportunity to Earn More on Cash

Woman holding a jar filled with money
Kues / Shutterstock.com

After more than a decade of seriously skimpy returns, today’s savers can finally get a much better interest rate from their bank account, thanks to numerous Federal Reserve rate hikes over the past year or so. Unfortunately, relatively few people seem to be taking advantage of that fact. Among middle-income Americans, 68% have not moved their deposits to savings accounts that yield a better return...



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