The vast majority of American savers are contributing to a $50 billion mistake

Data: Bankrate survey conducted April 30 to May 5, 2019; margin of error: ±3.6%; Chart: Axios Visuals

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A recent survey from Bankrate pulled data from 60 online savings and money market accounts at 57 different financial institutions and found that 87% of them pay at least 2% APY.

Yes, but: Less than 1 in 5 Americans say they're earning that much interest on their savings account. It's a $50 billion mistake, analysts say.

Go deeper: Americans saving money in the wake of the financial crisis get a leg up