Reported 5 days ago
As of October 3, 2024, high-yield savings accounts offer competitive rates, with the highest standing at 5.25% APY from Openbank, requiring a minimum deposit of $500. While savings interest rates have generally risen in recent years, a recent Fed rate cut may lead to declines in the future. Consequently, it’s advisable for savers to take advantage of current high rates while they last.
Source: YAHOO