“`html

Discover the Best Yields on Your Savings Accounts with O1ne Mortgage

Are you confident that you’re getting the best yields on your savings accounts? According to a recent survey, only 1 in 5 savers believe they are. Despite the availability of better rates, 40% of savers feel it’s not enough to move their savings. At O1ne Mortgage, we understand the importance of maximizing your savings and are here to help you make informed decisions.

Survey Insights: Savings Yields and Consumer Behavior

Experian surveyed over 1,000 Americans to understand their savings habits and perceptions of interest rates. The survey, conducted in May 2023, revealed that since early 2022, rising interest rates have increased deposit yields to levels not seen in several years. However, many consumers are not taking advantage of these higher rates.

Only 1 in 5 Savers Believe They Are Getting the Best Yields

When asked about the interest rates on their savings, only 19% of respondents reported earning 3% APY or greater. Surprisingly, 25% said they are earning no more than 1% APY, despite the rapid increase in interest rates over the past year.

Why Savers Aren’t Moving to Higher-Yield Accounts

Among those earning less than 3% APY, 40% stated that the higher yield still doesn’t make moving their accounts worthwhile. Additionally, 30% of savers with low-yielding accounts were unaware that higher-yielding options were available. This lack of awareness was more pronounced among younger savers and those with higher household incomes.

Expectations for Interest Rates

Interestingly, more savers expect credit card interest rates to climb than savings yields. Nearly half of the survey respondents believe savings rates will remain the same by the end of 2023, while 60% expect credit card APRs to increase. This indicates a general expectation that rates won’t be decreasing anytime soon.

Take Action with O1ne Mortgage

At O1ne Mortgage, we encourage you to take advantage of the current high-yield savings opportunities. Don’t miss out on the potential to earn more on your deposits. Contact us today at 213-732-3074 for any mortgage-related needs and to learn how you can maximize your savings. Our team is ready to assist you in making the best financial decisions for your future.

Remember, your savings deserve the best yields. Let O1ne Mortgage help you achieve your financial goals.

“`