Filed under: Banking, Consumer Ally

Savers have taken it on the chin for years, with banks paying almost nothing on checking and savings accounts while happily charging big fees. So when one new financial website offered a 6% interest rate on an insured savings account, you can bet it got a lot of attention.

If you’ve never heard of Mango Financial, you’ll probably see a lot about it soon. The company signed actor George Lopez to a five-year marketing agreement, and Wednesday, it started its national “Save With Mango” campaign…

When 6 Percent Interest Is Too Good to Be True originally appeared on DailyFinance.com on 2012-02-02T13:02:00Z.

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