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Interest rates on savings accounts have steadily declined since the Federal Reserve lowered its benchmark funds rate by half a percentage point — the first rate cut in four years. Yet today's ...
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 5% APY.
But even if savings account rates fall to 2%-3% next year, or even lower (which has certainly been the case in the past), it still makes sense to keep some money in a savings account.
A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, passing along ...
A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, able to pass along ...
The primary difference between a high-yield savings account and a traditional savings account is the interest rates offered. High-yield savings accounts provide significantly higher interest rates ...