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That’s from pretty unknown banks. Name brands still matter when it comes to money and banking. Best to compare with Marcus By Goldman Sachs’ 3.9% APY.
by kyawzazaw 4y ago
That’s from pretty unknown banks.
Name brands still matter when it comes to money and banking.
Best to compare with Marcus By Goldman Sachs’ 3.9% APY.
- sf_rob 4y agoFDIC says the national average is 0.35% for savings accounts; Bankrate survey of banks says 0.24%. Granted this included dinosaurs taking advantage of their customers, but the point is that it's weird to use the maximum to make claims about "market rate". Of major institutions that are trying to compete on rates, it seem to be 4.0% +/- 0.5%.