Banks Marketing 1% APR Bank Accounts As "High-Yield"

Banks Marketing 1% APR Bank Accounts As "High-Yield"

Considering how “high-yield” savings accounts used to give returns of 4-5%, reader Phil thinks it’s a bit disingenuous for banks to continue marketing them as such when the rates are only 1%. He sent in a picture of a recent piece of junk mail he got from American Express to illustrate. [More]