This Is One Small Banking Change That Can Pay Off Forever

This Is One Small Banking Change That Can Pay Off Forever

Image source: Getty Images If your savings account pays 0.40% APY and you could earn 4.00% somewhere else, you are voluntarily taking a 90% pay cut on your money.The average savings account in the U.S. pays 0.40% APY, and the big banks like Bank of America, Chase, and Wells Fargo generally pay closer to 0.01% on your savings. Luckily, the solution couldn't be easier.Moving your savings to a high-yield savings account is one of the smallest finan…