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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.
The savings account offers you up to 3.80% APY with direct deposits of any amount, such as your payroll, pension or Social Security payments, while the checking account unlocks access to a debit ...
As of today, February 29, 2024, inflation benefits those with high-yield accounts, keeping these savings account rates around 5%. High-Yield and High-Interest Savings Accounts In The News
As important as it is to focus on making more money and cutting back on your spending, you should also do your best to find the best place to store your funds. This is why we will review the best ...
Sources: Bankrate methodology: How they determine national average savings account rates. FDIC.gov. Bankrate Best Savings Accounts & Rates module. Bankrate Global CD rates module. Note: The APY ...
Today’s best savings rates are at FDIC-insured digital banks and accounts offering yields of up to 5.50% APY with low minimum requirements at Betterment and Western Alliance Bank and up to 5.30% ...
Savings interest rates today: Best accounts still paying up to 5.05% APY after quarter-point Fed cut — Dec. 19, 2024 Kelly Suzan Waggoner Updated December 19, 2024 at 8:12 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 5% APY.