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Savings interest rates today: Make more on your money this weekend with best APYs of up to 5.05% — Dec. 20, 2024 Kelly Suzan Waggoner Updated December 20, 2024 at 8:13 AM
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.
Savings interest rates today: New year, new chance to grow your money faster at up to 5.05% APY — Jan. 2, 2025
Savings interest rates today: Don't let your money hibernate this winter when you can earn up to 5.10% APY — Dec. 11, 2024 Yahia Barakah Updated December 11, 2024 at 8:16 AM
If one has $1000 invested for 30 days at a 7-day SEC yield of 5%, then: (0.05 × $1000 ) / 365 ~= $0.137 per day. Multiply by 30 days to yield $4.11 in interest. If one has $1000 invested for 1 year at a 7-day SEC yield of 2%, then: (0.02 × $1000 ) / 365 ~= $0.05479 per day. Multiply by 365 days to yield $20.00 in interest.
Money market. 0.66%. 0.60%. Up 6 basis points. 1-month CD. 0.23%. 0.23%. No change. 3-month CD ... Banks charge higher interest rates on money they lend out to borrowers than the interest they pay ...
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