Most Americans Missing Out on Earning Higher Interest on Savings, Santander Bank Survey Finds
(“Santander Bank” or “the Bank”) today announced findings from its inaugural Growing Personal Savings (“GPS”) Tracker, a new series analyzing how Americans approach growing their savings.
- (“Santander Bank” or “the Bank”) today announced findings from its inaugural Growing Personal Savings (“GPS”) Tracker, a new series analyzing how Americans approach growing their savings.
- Those describing themselves as having lower financial knowledge were far more likely to be earning less than 3% in interest on their savings.
- For example, 80% of those that know their rate and describe their financial knowledge as “novice” were earning less than 3%.
- On the other end of the spectrum, 74% of those that know their rate and describe themselves as “experts” were earning 3% or more.