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Latest Bankrate survey

“Higher returns on federally-insured savings and money market accounts represent the only free lunch in finance.”

– Greg McBride, CFA

Only 1 in 5 savers are earning competitive savings account rates

As savings rates continue to rise, only 22% of savers are earning 3% or more on their money, according to a new Bankrate report. However, numerous online accounts are available with high yields, no minimum deposits and no fees.
Read the survey

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