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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.
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.
While some of the biggest national banks like Chase and Bank of America offer interest rates as low as 0.01%, several high-yield savings accounts (HYSAs) feature APYs of 5.00% or more.
A balance transfer is the process of moving your outstanding debt from one credit card — or multiple — to a new card with a lower interest rate. Many banks offer balance transfers to help you ...
High-yield savings accounts and money market accounts are both safe, stable spots for storing your money and growing your savings — at more than 10 times the 0.46% national savings average you ...
1. Boost your interest income with a high-yield savings account. While the Fed is likely to cut interest rates soon, there’s still time to maximize the passive income you earn by opening a high ...
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