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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 ...
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.
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 ...
At the outset, there was a binding 5% interest rate ceiling on NOW accounts: all New England institutions offering them paid the full allowable 5% rate. [3]: p. 4 With no obvious adverse effects of NOW accounts in New England, Congress allowed them nationwide at all depository institutions beginning December 31, 1980.
Traditional savings accounts often have lower interest rates, while high-yield savings accounts (HYSAs) — offered by many digital and online-only banks — pay 10 to 20 times more. These ...
The Nedcor Group was renamed the Nedbank Group on 6 May 2005. In August 2009, Nedbank acquired the 49.9% of Imperial Bank South Africa that it did not own, so Imperial Bank South Africa is wholly owned by Nedbank. [7] In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $285 million claim in Ecobank into equity. [8] [9]