More Important Than Interest Rates (How to Max Your Bank Deposits?)

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I've recently got this question from a very close friend: Which bank do you recommend that will give me high-interest rates? Of course this bank needs to be safe, and should be easy (possible) to open a bank account there.

Answer to this question is much more difficult than it seems! Where do you find such a bank? Even if you find it, should you park your money there?
If a bank is offering high interest rates, are there any hidden dangers behind?

Here are my 2 cents regarding high interest yields in banks

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