Birdwatch Archive

Birdwatch Note

2024-07-09 19:01:58 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The actual average savings rate per the FDIC is .46% while there is savings accounts that can reach up to 5% they are more restrictive on who they allow to bank with them and how much money can be used or put in to the account. https://www.nerdwallet.com/article/banking/what-is-the-average-savings-account-interest-rate Also 5.25% of 2 Million is 105,000.

Written by 01FBCD1E86F13CF5D47FB89761E968B453D7663377041B79BCB9D8FCE128318E
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• noteId - 1810751264898105740
• participantId -
• noteAuthorParticipantId - 01FBCD1E86F13CF5D47FB89761E968B453D7663377041B79BCB9D8FCE128318E Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The actual average savings rate per the FDIC is .46% while there is savings accounts that can reach up to 5% they are more restrictive on who they allow to bank with them and how much money can be used or put in to the account. https://www.nerdwallet.com/article/banking/what-is-the-average-savings-account-interest-rate Also 5.25% of 2 Million is 105,000.