Open a high-yield savings account to earn more interest on your money
As the name implies, a high-yield savings account is a savings account with a significantly higher interest rate than a standard savings account — with some high-yield accounts offering rates up to 20 to 25 times the national average, which the FDIC currently puts at a meager 0.05%.
Savings Rates Are Falling: Here's Why You Should Still Open a High-Yield Savings Account
Banks are gearing up for a huge interest rate drop on savings accounts. Learn why it's still important to open one.
With interest rates falling where should I keep my savings?
According to the Federal Deposit Insurance Corp. (FDIC), the national average annual percentage yield (APY) on savings accounts was 0.46% as of 09/16/2024. By comparison, the best high-yield savings accounts have APYs that are about ten times higher. Here’s what to know about falling interest rates and your savings.
Will high yield savings interest rates go back up in 2021?
“We may see small gains in high-yield savings account yields in 2022,” Ken Tumin, founder of DepositAccounts.com, said. “Widespread gains are unlikely until at least 2024. Any gains will require a strong and steady economic recovery.”
Here's Why It's Still a Great Time to Open a High-Yield Savings Account
Many savers fear a return to the ultra-low savings account yields of 2021, but that isn't likely to happen. Find out more here.
High-Yield Savings Accounts vs. Money Market Accounts — Which Is Right for You?
Emergency fund, college fund, retirement fund, new car fund, house down-payment fund, vacation fund… That’s a lot of funds! But the truth is, we all have financial goals and dreams that require setting money aside.
CD, Checking, and Savings Rates Today: Secure Top Rates
Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...
CBS News6d
What are today's savings interest rates?
Explore today's rates here to find the account that will earn you the most! When it comes to earning as much interest as possible, high-yield savings accounts are the clear winner. They may ...
USA Today4d
Savings account interest rate history
Savings account interest rates are following suit, with high-yield savings accounts paying more than 5.00% APY. With stocks struggling and bonds struggling in recent years, more banks have ...
Get the latest personal loan rates today
Personal loan amounts can range from a few hundred dollars to as much as $100,000 (or more). They typically have repayment ...
Newsweek24d
Truist Savings Account Interest Rates of October 2024
Her work can be found on sites like Newsweek, TIME, MSN, Market Watch and USA Today ... two different personal savings account products. While Truist interest rates on savings accounts are ...
MarketWatch1d
Barclays Savings Account Interest Rates
In our 2024 banking survey, our 1,000 respondents selected features that mattered most to them when selecting a savings account. The top three features were no monthly fees (67%), a good ...
USA Today14d
Capital One savings account interest rates: October 2024
Capital One 360 Performance Savings account interest rates Capital One offers a flat ... just how important financial education is. Today, Jacqueline has worked with more than two dozen ...