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c/banking-and-payments-communitydaniel511daniel51118h agoProlific Poster

Found out my bank's savings account only pays 0.01% APY, that's literally $1 a year on $10,000

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maxm63
maxm6316h ago
Did you check their high yield savings account instead of the basic one? Most banks offer those now and they pay way more like 4-5% APY right now... that's $400-500 a year on $10k instead of a dollar. You gotta move that money to an online bank or a credit union, they usually have much better rates than the big traditional banks.
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