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As of 2021 (the last available data from the FDIC), a little over 95% of American households are banked, meaning someone in the household has a checking or savings account with a verified ...
While the median checking account balance for American households was $8,000 in 2022, according to the Federal Reserve Board’s 2022 Survey of Consumer Finances, there’s no rule or magic number ...
For the typical saver with $8,000 in a bank account, moving that money to an account that yields 3.5 to 4.5 percentage points more in interest could earn them an extra $280 to $360 per year more ...
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