I mean, 3 percent isn't a lot when you're thinking about it, but it is in the long run if you have an account open for 20 years.
“I was very shocked, and especially the percentage of what I would get back. Northern Kentucky University student Macy Hornsby, 19, of Anderson Township wanted to build her credit history with a new credit card.īut she got much more than that with a new savings account that pays her 3 percent on any purchase she makes with a debit card from General Electric Credit Union (GECU). However, smaller banks and other financial institutions are getting aggressive with raising savings rates as a way to draw customers and deposits away from their larger competitors.
