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My savings account pays me 4% interest. You may want to shop around for a new bank.

Hold onto that account like it's gold. My bank's savings accounts are 0.01%. With a minimum of $10,000 it goes up to 0.05%. At 1 million dollars, it's 1.4%.

You can get one in like five minutes. All the major high-yield savings accounts are at 3-4% now.

4%: https://www.sofi.com/banking/savings-account/

3.75%: https://www.americanexpress.com/en-us/banking/online-savings...

None of them are fixed, they go up and down along with the Fed rate. "High-yield" was 1% a few years ago, but no one should be keeping substantial amounts in any savings account that only offers 0.01%.

Get a new bank. Ally, SoFi, AmEx all pay upwards of 3.5% with no minimum.

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