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Banks are paying savers again after many years of low rates

Por: ABC News Business April 24, 2023

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NEW YORK -- Americans are finally reaping some benefit from keeping their money in the bank.Banks are paying up for savers' deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation's biggest banks. After a decade of low interest rates, the Federal Reserve has unleashed a rapid series of rate hikes to combat inflation, pushing up its benchmark rate to a range of 4.75% to 5%.... + full article



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