The Margin: 40% of Americans are still earning less than 1% on their savings accounts — yet some banks are offering more than 4%

For those who park their money in savings accounts, there’s been nothing but good news lately as interest rates climb ever higher. Just a few years ago, it was getting difficult to find banks that paid more than 1%. Now, some are offering rates that top 4%.

But many Americans are failing to take advantage of the situation — and they are losing out on the ability to earn hundreds, if not thousands, of dollars in interest annually.

That’s…