Jan 09, 2008 -
I have friends that have admitted to signing up for a savings account without even considering shopping around for a better rate.
If it were a one-time thing (say purchasing those beautiful Marc Jacobs pumps on impulse without checking online for a better deal) I might not be so devastated, but not seeking out a high yield savings account means money lost every single month.
I think the problem lies in the fact that most people don’t realize what their rate or yield is.
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