75% of Americans are missing out on free money
surveyed 1,050 American adults about their savings habits and goals in August 2019. About 75% of people surveyed said that they don't have a high-yield savings account — a type of savings account with a much higher interest rate than a traditional savings account — and that means that their money isn't working as hard as it could be.
Even for people who have a savings account, traditional savings accounts don't earn much interest: an average of .09%, according to theA high-yield savings account earns up to 20 times more money than a traditional savings account Only 25% of Americans are taking advantage of the benefits of a high-yield savings account, which offer interest rates
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