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-8.91112294655738E-05 -0.00291372996810645 -0.00506276124614792 -0.00589170291559512 0.00164544921385244 -0.00112528831627436 -0.00972555813678775 -0.00630617375031858
Stock impact report

The Fed Is Keeping Rates High—So Why Is Your Bank Paying You So Little? [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
Sabrina Karl 5 min read Key Takeaways Even with the Fed holding rates high, the biggest banks still pay near 0% on savings, while many smaller banks offer 4% or more. Even a $5,000 balance can earn dramatically more in a top high-yield savings account , and the gap grows as your savings increase. You don't need to leave your primary bank to earn more: Linking a separate savings account is easy and can reduce spending temptation. The Huge Gap Between What You Can Earn at a Big Bank vs. a Top Savings Account The Federal Reserve held interest rates steady lat week—its second pause this year after three cuts last fall—signaling that savings yields are likely to stay elevated for the foreseeable future. But a high federal funds rate doesn't guarantee a high savings rate. Banks set their own rates, and they vary widely across the industry—often with the biggest banks paying the least. Many savers keep their money at Chase, Bank of America, or Wells Fargo simply because th Show less Read more
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