The Forbes Content & Design Studio conducted an interview with Pierre Habis, General Manager & Head of Synchrony Bank. The following excerpts from that interview have been edited for length and clarity.
Many people are enduring subpar returns on their savings, according to a recent study by Forbes Research in partnership with Synchrony Bank (member FDIC).
More than half (57%) say they’re leaving $500–$14,999 on the table by not optimizing their accounts; a further 8% say it’s even higher.
And while 69% say their existing relationship with a financial institution influences where they keep their savings, there’s an openness to change: 64% say they would choose an online-only bank or fintech to earn a higher interest rate.
Below, Habis shares four key insights on optimizing your savings strategy.
