Misperceptions Preventing Americans From Earning More on Their Money Ahead of Holiday Season, Santander Survey Finds
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: Business Wire
Fewer savers added to their balances in recent months, with six in 10 stating it has become harder to save as the year has gone on.Less than three in 10 (29%) use high-yield savings products, which could help a typical saver could earn more than $400 in interest.Nearly six in 10 say holiday shopping will negatively impact their savings goals, and three in four prefer to receive the gift of money this holiday season. BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. (“Santander Bank”) today announced findings from its Openbank Growing Personal Savings (“GPS”) Tracker revealing many consumers are missing out on hundreds of dollars a year in interest by not using higher-rate savings accounts. More than seven in 10 (71%) are not taking advantage of these accounts, including high-yield savings accounts, money market accounts and certificates of deposit (CDs). Among those who have a higher-rate account and know their rate, 56% are earning at least 3% in interest, significantly above the nati
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