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The Federal Reserve cut its federal funds rate twice in 2024, putting downward pressure on the interest banks pay you for keeping your money with them. However, several high-yield savings accounts ...
The Federal Reserve announced a cut to benchmark interest rates yesterday, dropping the Fed rate by 50 basis points to a range of 4.75% to 5.00% — the first time its lowered rates since March 2020.
Savings rates and high-interest accounts in the news. Savings rates strongly correlate with the target interest rate set by the Federal Reserve, the country’s central bank. This Fed rate is the ...
These accounts don't typically offer check-writing privileges or debit cards, though you can find limited checking with a high-yield money market account. Saving accounts earn you interest on your ...
Savings rates and high-interest accounts in the news. Savings rates strongly correlate with the target interest rate set by the Federal Reserve, the country’s central bank. This Fed rate is the ...
A current account with Chase offers 5% for new customers, made up of 3.5% basic rate plus a 1.5% bonus, which is applied for six months. There is also a 1% cashback offer and other rewards ...
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