Saving Money in Today's Economy Isn't Easy

The Fed's latest Survey of Consumer Finances shows that the typical American household has $5,300 in a savings account at a ...
According to FDIC data, the average interest rate on savings accounts is currently 0.41%. That rate is much higher than it was prior to the pandemic, but it’s far lower than what the best ...
The average savings account now delivers an average rate of just 0.41%, according to the latest government data. That said, ...
Too many Americans use the "set it and forget it" approach to their bank accounts. Find out how that could be costing you ...
With inflation hovering near 3%, your cash can't keep up in a typical savings account. But today's high interest rates offer ...
which includes savings, checking, money market, call accounts, and prepaid debit cards. The average balance in those accounts is $62,410. Despite the median account balance being up nearly ...
The stark disparity was one described as both ""shocking but predictable" by one leading expert on the subject.
The average savings account rate is a benchmark for the overall interest-rate environment, but it’s not a rate you should settle for. Rather, aim for an annual percentage yield (APY) many times ...
Compared to checking accounts, standard savings accounts typically offer better yields. As of September 2023, the average savings account earns 0.45% interest, according to FDIC data. However ...