• jordanlund@lemmy.world
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    8 days ago

    “If savings accounts are paying 4% interest…”

    I’ve never seen a savings account anywhere NEAR that high…

    • BillibusMaximus@sh.itjust.works
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      8 days ago

      At your local bank, surely not. But there are high yield savings accounts in that range with various online banks.

      For example both Ally and Amex are at 3.8% right now, and were over 4% sometime in the last year or so.

    • PagPag@lemmy.world
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      8 days ago

      Guessing you don’t have an online only bank.

      Banks with brick and mortar locations will never pay as much as the former because… you’re paying for physical locations.