"Financial research from Santander showed how many Americans are missing out. The research revealed that just 18% of Americans moved money into an account that earned them more interest during the past year."
"While the good news is that 57% of Americans do have a traditional savings account, the bad news is that the national average savings account interest rate is just 0.42%, according to the FDIC."
"With some high-yield accounts paying 10 times more than the national average rate, it's worth moving your money to get the best yields."
"Only 18% of Americans have their money in a high-yield savings account, according to Santander's data, causing many to miss out on better savings opportunities."
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