Savings Rates from Online Banks Approaching New Highs
Why do most Americans continue to accept earning a few cents each year from their savings account? Because people are still surprised to hear that savings rates have reached new levels in the last two years, and they’re continuing to climb. Thanks to the government, interest rates could be finally headed above two percent. But you won’t get these great higher rates at your local big bank; many big banks offer much lower interest rates.
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