40% of Americans are still earning less than 1% on their savings accounts — yet some banks are offering more than 4%
Many Americans are not taking advantage of the higher interest rates, according to a new Bankrate survey.
Recent interest rate increases have been a boon for those who keep their money in a savings account. It was difficult to find a bank that paid interest rates higher than 1% just a few short years ago. Some banks are now offering rates as high as 4%.
Many Americans fail to capitalize on this opportunity, and are missing out on earning hundreds, if they don't thousands of dollars annually in interest.
That's...