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CrystalMenthol t1_iwwdn27 wrote

Reply to comment by tipbruley in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

You can shop around for a better rate. A quick look at Investopedia shows Citi, Capital One, and a few others with interest rates above 3%.

Of course, you have to judge if you actually have enough money in the bank where the difference between 0.05% and 3.00% is worth the hassle of moving the account over. But there are definitely options much better than the rock-bottom interest rates we've been stuck with the past decade and a half.

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tipbruley t1_iwwe40q wrote

All banks with 3% are online only banks. But yeah, I’m switching my savings over to one now since 3% is legit.

I just don’t see the majority of the population taking the effort to do so.

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