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Switching banks

Higher interest rates should mean more money for savers — but switching banks can be a hassle

by Matt Levin
Apr 18, 2023
The average yield for a savings account is under 1%. Depositors, however, don't always take the opportunity to get more.
Apple is offering a savings account, in partnership with Goldman Sachs, that pays more than 4% interest — way higher than the national average.
Patrick T. Fallon/AFP via Getty Images
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