Posts tagged Interest rate
How to Get the Highest Interest on Your Savings Account

Interest rates on savings or money market accounts are around .01% right now. The low rate is due to multiple factors, mostly the state of our current economics. Interest rates on deposit account typically match the interest rate for loans in that when one is low, so is the other (and vice versa). This is essentially because the bank uses the money you put in your savings to loan out to other customers.

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