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If you’re like most Americans, you are earning close to zero on deposits at the bank. Despite the fact that short-term interest rates are on the rise, most banks have left interest rates paid on deposits at record lows. As of January 2019, the average interest rate paid on savings accounts was only 0.09%, according to the FDIC. Fortunately, options are available for investors to earn significantly more interest on their savings.
The Allegiant Private Advisors team examines five options for you to consider if you’re fed up with your savings account earning nothing. Read Allegiant’s new article published online at SarasotaMagazine.com if you are ready to ditch the bank and consider new options for income.
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