Americans are trying to save, but new rese🅠arch suggests that many are leav♕ing money on the table.

Nearly 90% of Americans currently save or plan to save for short-term goals, according to a recent Vanguard survey. But more than half are using traditional bank savings accounts or checking accounts, Vanguard said, where average interest rates are roughly 0.41%

Almost 60% say that their savings are earning less than 3% interest, according to the Vanguard survey. That echoed another recent survey from Santander Bank, which found that almost 70% of respondents said they weren't using higher-rate accounts.

“By leveraging accounts with competitive yields and establishing intentional savings strategies, Americans can make their money work harder,” Andrew Kadjeski, Principal and Head of Brokerage & Investments at Vangಌuard, said in the report.

There are many high-yield savings accounts currently available, several with interest-✤rates exceeding 4%.

Many Americans say they hope to change their savings plans soon: Almost 70% of Vanguard respondents said they intend to adjust their plan in the next year, with inflation being the biggest factor. But another report said 澳洲幸运5官方开奖结果体彩网:Americans fell short of their savings goals last year.