Amid a wave of rising interest rates, a 'revolt' is brewing among bank customers, fueled by a growing acknowledgment that some financial institutions have not been proactive in advising them of more lucrative savings options.
''People don't realize they're in a savings account getting 1 percent, and their friend chirps in their ears and says, 'You could get 5 if you switch to the money market,' and didn't know it, and no one at the bank told them. People are upset,' McMahon said.Newsweek has contacted Aquinas Wealth Management for comment by email.
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