savings rates have taken a hit. However, you can still earn more than 10 times thenational averagewith one of today’stop high-yield savings accountsthat boast up to 5.25% APY.
When the Fed raises the federal funds rate -- the interest rate US banks use to lend or borrow money to each other overnight -- banks tend to increase their rates for savings accounts. Inversely, when the Fed lowers rates, banks drop savings rates, too. Keep in mind savings rates are ...
Rates onthe best high-yield savings accountssurged last spring to their highest level in over 20 years, reaching a peak rate of 5.55% in April. That's thanks to theFederal Reserve's aggressive rate-hike campaign of 2022–2023, which aimed to bring down decades-highinflation. T...
Today's business savings rates For ZIP Annual Percentage Yield (APY) and interest rates December 18, 2024 for(Change) Platinum Business Money Market Enter your ZIP code Preferred Business Money Market Enter your ZIP code Premium Business Money Market ...
We’ve rounded up the highest rates available today so you can make sure you’re getting the most out of your savings account. Savings rates today: Earn up to 5% Here are the best high-yield savings account interest rates you can find right now: For comparison, the national average ...
Check out today's best savings account rates here to get started.Look at online banks Many of today's top high-yield savings accounts are offered by online banks. These banks have fewer overhead costs than brick-and-mortar banks since they don't have any physical locations. They pass ...
Best High-Yield Savings Accounts for June 2024—Up to 5.55% Best CD Rates for June 2024: Up to 6.00% Best Money Market Account Rates for June 2024—Up to 5.35% Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily ...
Compare rates across banks for your desired term to find the best option. Key factors to evaluate when comparing CDs include: Term length: Ensure it matches your savings goals and timeline. APY: Higher rates are usually offered for longer terms. Minimum deposit: Ensure you meet the required ...
Best Savings Rates Today -- Boost Your Savings With Up to 5.55% APY, April 10, 2024 If you aren't stashing your extra cash in a high-yield savings account with a high APY, you could be missing out. Our Experts Written by Edited by...
Best 5-Year CD Rates Best High-Yield Savings Accounts Best Money Market Accounts Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much d...