
How Much Americans Are Losing by Keeping Money in Low-Yield Accounts
Big banks pay just 0.01% APY while online banks offer 4.4%. Your $10,000 could earn $897 more over two years. Learn how to switch without changing banks.
Matthew Goldberg is a senior consumer banking reporter at Bankrate where he uses his more than 14 years of financial services experience to help inform readers about their important personal finance decisions. He's been a reporter at Bankrate since 2018.
Nearly his entire career, since 1998, has either been as a reporter, editor or working in the banking and insurance industry. Matthew’s banking career includes being a banker in New York City and being a bank officer at one of the largest banks in the U.S. He first gained his experience with deposit products and auto loans while representing a Federal Deposit Insurance Corp. (FDIC) online bank.
His reporting career includes working as a staff reporter at two daily newspapers. He earned his first newspaper bylines in 1998. Matthew’s been interviewed on television news and radio stations across the U.S. Previously, he was a weekly panelist on the SportsWriter’s show on WGEM AM ESPN 1440 in Quincy, Illinois and an occasional co-host and call-in guest on WGEM SportsCenter.
Matthew is currently a member of the Board of Governors at the Society for Advancing Business Editing and Writing (SABEW), which is the world's largest and oldest organization of business and financial journalists.
He chairs the organization's training member engagement committee and is the co-chair of SABEW's Finance Committee. He previously was the chair of the organization's investment task force.
He has served on conference planning committees and has been a Best in Business contest judge for the organization.
Matthew’s writing has been honored by both the Illinois Associated Press Editors Association and the Illinois Press Association. His writing has also been featured online on MSN, Yahoo! Finance and in newspapers throughout the country.
Take time to make sure you understand where your money is being spent each day, week and month. This is how you'll find savings opportunities.
— Matthew Goldberg
Big banks pay just 0.01% APY while online banks offer 4.4%. Your $10,000 could earn $897 more over two years. Learn how to switch without changing banks.
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