There’s a strong possibility you’re making virtually nothing on your money if you keep the majority of it in a standard savings account with a big bank.
According to Bankrate.com, the average savings interest rate nationwide is 0.23%.
Switching your money to a higher-interest savings account might be worthwhile.
Smaller institutions, including credit unions, are giving higher interest rates to their members in an effort to attract deposits.
Marketing Opportunities: Small Banks, Credit Unions, Online Banks, Savers
