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When a bank advertises a 1 percent savings interest rate as "high yield," you know savers must be frustrated.

That certainly was the consensus among more than 6,500 Consumer Reports readers we surveyed recently on bank and brokerage annoyances. They were far more peeved by the piddling pennies on their statements than they were by excessive fees and commissions, unhelpful Web tools, or even the hurdle of reaching a live person on the phone. In fact, low interest rates were the only issue that stood out as bothering readers in our survey.

Interest rates should go up once unemployment drops and economic growth accelerates. In the meantime, the options below might offer more for your savings. Switch only if you don't have to change a lot of automatic-payment and direct-deposit arrangements, and avoid fees that can erase the interest you earn. The choices are listed from low to moderate risk.

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Who notes banks have been hoarding cash even as they find new ways to regenerate revenue from fees, but until the fed raises rates, savings rates won't seriously go up...
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