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Banks Are Finally Facing Pressure to Pay Depositors More

WSJ Original article ›
LyrArc Article Gist
Online 1 year certificates of deposit have annual percentage yield of 4.75% in 2023 compared to less than 1% in 2022. This is a significant improvement for what the average American gets on his savings accounts. For two decades low interest rates on savings accounts hurt average Americans whose savings did not grow through interest accumulation.



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