Most Americans are in the middle-income brackets, but they aren't leveraging higher interest rates for savings, according to a new survey.

<div class="block">Most Americans are in the middle-income brackets, but they aren&#39;t leveraging higher interest rates for savings, according to a new survey.</div>

Stretching Your Dollar

Many Americans Earning Less Than 3% on Primary Savings

Well, most Americans are in the middle income brackets, but they aren't leveraging higher interest rates for savings. That's according to a new survey from Santander, the survey, about 2200 adults in the US found that 64% are earning less than 3% on their primary savings account. Meanwhile, the top 1% average of high yield savings accounts offer around 5%. So what's the main reason that people are not moving their funds? Well, it turns out that 37% of those polled said it was because they don't have any savings or they don't have enough to make it worth it. Other findings include a general lack of knowledge when it comes to certificate of deposit money market accounts and high yield savings accounts. Well, 36% admitted to having at least $10,000 in savings.