Wealthy savers are taking their cash out of bank accounts in search of higher yields
Americans have missed out on $603 billion of free money over the past eight years by sticking with big banks like Wells Fargo and Bank of America. WSJ’s Dion Rabouin explains why people aren’t moving their money in smarter ways and why they should be. Photo: Brian Snyder/ReutersWealthy savers are starting to take their cash out of bank accounts in search of higher yields.
Big banks are still paying paltry interest on checking and savings accounts despite the Federal Reserve’s steepest rate increases in decades. Their wealth-management customers are done waiting: They are moving thea WSJ membership
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