Deep Dive: This savings-account hack will give you almost 20 times what you’re earning now

The world is awash with cash, but you don’t seem to be getting any of it from your bank account.

Banks pay almost nothing for deposits these days — the average savings account gives customers 0.09% a year, according to Bankrate. That means you’d earn $9 a year on an account worth $10,000.

Still, there are savings accounts that will pay you many multiples of that if you’re willing to forgo some convenience. And as we know, sweating the “small stuff” can earn you money and improve your financial health in the long run.

The financial meltdown of 2008 and 2009 led to a very long period of historically low interest rates, as the Federal Reserve and European Central Bank tried every trick to spur economic growth.

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