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tipbruley t1_iww84r3 wrote

Reply to comment by jason_steakums in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

Lol my bank savings account is still at like .05% so I have no faith banks will adjust

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CrystalMenthol t1_iwwdn27 wrote

You can shop around for a better rate. A quick look at Investopedia shows Citi, Capital One, and a few others with interest rates above 3%.

Of course, you have to judge if you actually have enough money in the bank where the difference between 0.05% and 3.00% is worth the hassle of moving the account over. But there are definitely options much better than the rock-bottom interest rates we've been stuck with the past decade and a half.

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tipbruley t1_iwwe40q wrote

All banks with 3% are online only banks. But yeah, I’m switching my savings over to one now since 3% is legit.

I just don’t see the majority of the population taking the effort to do so.

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zzleeper t1_iwx3t21 wrote

Go to Marcus they pay like 3%. Or just buy 6mo tbills they are risk free and pay + 4.5%. or buy ibonds at 9%.

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RawOystersOnIce t1_iwxz8a1 wrote

Transfer your money to a High Yield Savings Account. My interest rate is 3%.

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