. That's a record low, and may indicate that most people are happy with their banks.
I first considered switching banks right after graduating from college. I had a checking account at Regions, one of the few banks with locations in my Tennessee hometown and my Indiana college town. I felt like I was on trial. Eventually, she reluctantly decided to reverse the charge, but it would take a few weeks for the money to reach my account.
I'd been reluctant to switch banks after the first hack because I thought moving all my money and changing my account information again would be too much of a hassle, but enough was enough.Instead of looking for another traditional bank, I decided to go with an online bank that had a high-yield savings account option. Because online banks have fewer overhead fees than regular banks, they can afford to offer higher interest rates.
As of November 2019, the APY on a PNC savings account is .01%. My Ally savings account has an interest rate of 1.7%.
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