In the 3rd Q, the 5 biggest US banks paid out a paltry 0.4% interest on savings accounts while the 5 highest-yielding banks paid 2.14%. I switched to a higher yield bank in 2019 and they’ve raised the interest rate ~20 times in 9 mo; it’s 2.6% rn.
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In the 3rd Q, the 5 biggest US banks paid out a paltry 0.4% interest on savings accounts while the 5 highest-yielding banks paid 2.14%. I switched to a higher yield bank in 2019 and they’ve raised the interest rate ~20 times in 9 mo; it’s 2.6% rn.
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