“Nearly 70% of Americans are making this huge mistake with their money”
May 28, 2019
“Nearly 70% of Americans have savings accounts paying less than 2% interest, according to a survey of 1,000 consumers conducted by personal-finance website Bankrate. One in five consumers earns less than 1% annual percentage yield (APY) on the short-term savings, and nearly one in four people said their savings account didn’t earn interest at all.
Meanwhile, only 14% of consumers said their savings accounts earned more than 2% APY…”