Why Today’s 5% Savings Rates Are the Best We’ve Seen Since 2007
If you have cash savings in the bank, 2023 is shaping up to be a banner year. And we still have more than six months to go. Rates on savings, cash market, and certificate of deposit (CD) accounts have actually…
The Fed Paused Rate Hikes, Here’s What It Means for High-Yield Savings Accounts
The Federal Reserve took a “wait-and-see” technique to its benchmark rates of interest Wednesday, declining to either raise or lower it– here’s what that implies for high-yield savings accounts. By leaving the federal funds rate at its present variety of…
Where Are Savings Rates Headed This Year?
The best rates for high-yield savings accounts are above 5%, supplying savers with the highest yields in more than 15 years. If the Fed’s financial projections are anything to go on, they may not have peaked. Ten consecutive rate walkings…
Where Should Your Savings Be Right Now? Somewhere You Can Earn at Least 5%
The Federal Reserve took a “wait-and-see” technique to its benchmark rates of interest Wednesday, declining to either raise or lower it– here’s what that means for high-yield savings accounts. By leaving the federal funds rate at its current variety of…
Where Should Your Savings Be Right Now? Somewhere You Can Earn at Least 5%
If you have cash in cost savings today, the simplest location to put it sadly isn’t the smartest place. That’s due to the fact that a standard cost savings account at your main bank may pay practically no interest, while…
Where Should You Hold Your Cash Right Now: MMAs, CD, Savings, or Cash Reserve?
Investors with money to spare have a special opportunity to make the most of interest rates near to or above 5.00% APY across a range of products, from brokerage cash management accounts or high-yield savings accounts to money market accounts…
