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You can earn 100 times more interest on your money by using a different kind of savings account

You can earn 100 times more interest on your money by using a different kind of savings account

Business Insider - Kathleen Elkins

That's because the "big banks" out there — Bank of America, Chase, Citibank, and Wells Fargo, to name a few — usually offer an interest rate of 0.01%. Your savings just sit there, growing by a negligible amount. However, if you're using a high interest savings account at an internet bank such as Ally …

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