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An Easy Way to Make More Money

By John Maxfield - Apr 24, 2013 at 7:11PM

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Here's a safe and easy way to make your money work better for you.

One of the most painful reminders of the financial crisis are the interest rates that banks pay on deposits. Bank of America (BAC -1.23%), which serves as a typical example, pays less than two-tenths of a percent on most of its customers' accounts. With inflation at around 2%, that means investors are actually losing money in real terms by socking it away at the bank. In the video below, Motley Fool contributor John Maxfield discusses one way to reduce the pain from this trend.

 

 

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Stocks Mentioned

Axos Financial, Inc. Stock Quote
Axos Financial, Inc.
AX
$35.32 (-1.48%) $0.53
Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$34.45 (-1.23%) $0.43

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