There was a cover story in the WSJ last month - When High-Yield Savings Accounts Come With an Asterisk.
Banks were offering new savings account products with higher yields but with slightly different names than older ones. People with the older accounts assumed they were getting these new rates but weren't.
Always have to be watchful and vigilant.
Put your money where it's treated best - nice post for reinforcing that lesson.
There was a cover story in the WSJ last month - When High-Yield Savings Accounts Come With an Asterisk.
Banks were offering new savings account products with higher yields but with slightly different names than older ones. People with the older accounts assumed they were getting these new rates but weren't.
Always have to be watchful and vigilant.
Put your money where it's treated best - nice post for reinforcing that lesson.
I’ll have to go back and check out that article. Thank you.