Mar '24 • Business/Money
Why Low APY Banks Don't Cut It
Low APY (Annual Percentage Yield) banks are useless because they offer minimal returns on your savings. In today's economy, where inflation can outpace low interest rates, parking your money in these banks means it's actually losing value over time. Instead, consider high-yield savings accounts or investment options to make your money work harder for you. Which bank offers the lowest APY. in turn, making you lose out on lots of money.
Chase
Ally Bank
Jenius Bank
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Why Low APY Banks Don't Cut It
