US savers get savvy ditching and switching banks
By Natalie ShermanBusiness reporter, New York
Getty ImagesA wave of transfers is hitting US banks, as a sharp rise in interest rates after years of low borrowing costs creates more opportunity for savers - and new challenges for banks.
Until recently, Claire, a software engineer, stashed all her money in a chequing account she had opened years ago as a university student. She let thousands of dollars build up there despite its paltry interest rate.
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