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The Federal Reserve cut its federal funds rate three times in 2024, putting downward pressure on the interest banks pay you for keeping your money with them. ... on your savings drops to 1.20% ...
But many online-only banks have savings interest rates much higher than the national average savings account interest rates — as high as 5 percent APY at the best high-yield savings accounts.
High-yield savings rates for January 20, 2025 ... 2024. Month-over-month change. Savings. 0.42%. 0.43%. ... A savings account can offer flexible access to your money, but it isn’t the only safe ...
The national average rate for savings accounts will be 0.3 percent by the end of 2024, McBride forecasts, while predicting an average of 0.35 percent for money market accounts.
High-yield savings rates for May 20, 2024. Today’s best savings rates are at FDIC-insured digital banks and accounts offering yields of 5.30% APY and higher with a minimum $500 opening deposit ...
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High-yield savings rates for June 24, 2024. Today’s best savings rates are at FDIC-insured digital banks and accounts offering yields of up to 5.10% APY and higher at BMO Alto, Bask Bank ...
High-yield savings rates for June 4, 2024. Today’s best savings rates are at FDIC-insured digital banks and accounts offering yields of more than 5.55% APY with no or low minimums at My Banking ...