Is Your Savings Account Underperforming?

Is your savings account really working for you? Many people are surprised to learn how little their money is earning. The average savings account only pays about 0.42% in interest. And yes, that decimal is in the right place, that’s less than half a percent per year!

But here’s the good news: you don’t have to settle. Many banks are offering over 3%, some even over 4%! Think about that: on a $5,000 balance, 0.42% earns you just $21 a year. At 4%? That’s $200! Every extra dollar counts.

This month, our “Just One Thing” challenge is to make sure your money is growing as fast as it can. It’s also surprisingly easy to switch; you don’t even have to close your current account.

Ready to find a savings account that pays you back? We’ve put together a quick guide to help you choose the right one, covering everything from FDIC insurance to sneaky fees.

Just click here for the guide to making your savings account worker harder for you.

Don’t let your savings just sit there. Take action today and watch your money start working harder for you!