When was the last time you checked your savings account? If it’s been a while, I’m sure that you were expecting a big, juicy return. Guess what? You’re probably severely disappointed to find out that you’ve made almost nothing.
Banks often pay low-interest rates on savings accounts, not mention the checking accounts. In May 2022, the national average interest rate is 0.07 percent and inflation is around 8.5 percent.
