Most Americans Missing Out on Earning Higher Interest on Savings, Santander Bank Survey Finds
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: Business Wire
Research reveals a connection between financial engagement and better outcomes, with high-savers regularly checking on their accounts and using a greater variety of professional financial services and tools.A majority of Americans plan to save some portion of their tax refund in 2024, but only 16% acknowledged that they did in 2023.Social trends are shifting, with more Americans openly discussing their financial habits and “loud budgeting” gains traction. BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. (“Santander Bank” or “the Bank”) today announced findings from its inaugural Growing Personal Savings (“GPS”) Tracker, a new series analyzing how Americans approach growing their savings. The Santander Bank GPS Tracker revealed that higher-rate savings accounts including high-yield savings accounts, money market accounts and certificate of deposits (“CDs”) are each being used by less than 20% of the survey participants.This press release features multimedia. View the full release here:
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