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Savings interest rates today: Outpace inflation with top accounts paying up to 4.75% APY this weekend — Jan. 17, 2025
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 4% APY.
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.
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 4% APY.
Saving accounts earn you interest on your balance — anywhere from a modest 1% APY with a traditional account to a lucrative 4% APY and higher for high-yield accounts — compounding what you ...
As a SoFi member since 2022, I find this bank’s Checking and Savings bundle particularly appealing, especially for those on fixed incomes. The savings account offers you up to 4.00% APY with ...
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