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Many Banks Pay High Rates on Savings. So Why Aren’t You Moving Your Money?

Por: The New York Times Business February 03, 2023

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If you are keeping a good amount of spare cash in a basic savings account at a big bank, you are missing out.After paying paltry rates for years, many banks — especially online institutions — are paying higher rates on federally insured savings accounts and certificates of deposit. Yields have risen as the Federal Reserve has increased its in an effort to tame high inflation.The nation’s biggest banks, on the other hand, have kept interest... + full article



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