Banks are fleecing Americans by quietly moving money from high-yielding savings accounts to those earning just 0.05 percent interest.
One US Bank customer discovered he went from earning $160 a month to just $2 after his account was rolled over to a new one when it matured.
The problem is with a type of fixed-term account known as a certificate of deposit, or CD, that pays a fixed interest rate for a set period of time.
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