Birdwatch Note Rating
2024-07-09 21:22:51 UTC - HELPFUL
Rated by Participant: AA4866640D97EB7079837AD30D4F2B70B51D3C79BE096E591569C0F0AD9354DC
Participant Details
Original Note:
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.
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