Maximize Savings: High-Yield Accounts Beat Low-Interest Banks

Vanguards recent survey reveals a significant number of Americans are missing out on potential earnings by using low-interest savings accounts. Nearly sixty percent of savers earn less than three percent interest, while high-yield savings accounts offer over four percent. With inflation eroding purchasing power, choosing the right savings vehicle is crucial. Many Americans plan to adjust their savings strategies within the next year, indicating a growing awareness of the need to improve financial strategies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.