Reported 8 months ago
Today's savings account interest rates are currently among the highest seen in over a decade due to multiple rate hikes by the Federal Reserve. While the national average savings account rate is around 0.45%, some of the best accounts currently offer rates as high as 5% APY. As the Fed is expected to lower its target rate later this year, it's advisable to consider opening a high-yield savings account now to benefit from the current favorable rates.
Source: YAHOO