Why Your Savings Account Is a Scam
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Why your savings account is actually a scam. Stop putting your money in a traditional
savings account. You're literally leaving money on the table. Watch until the
end to see the one account that actually pays you to exist. Most Americans think a 0.01% interest
rate is normal. It's not. It's a robbery. While you're happy with your five-cent
monthly dividend, the banks are lending your money out at 7% for car loans. They're getting
rich off your safety. But here's the insider secret: look into high-yield savings accounts,
or HYSAAs. Right now, some banks are offering over 4% annual return. That is 40 times
more than your current big name bank. If you have $10,000 sitting in a basic account,
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