High-Yield Savings Account Rates Today: February 7, 2025 - Forbes

15 hours ago · Here are today’s best rates and the current average yields for traditional savings accounts and high-yield savings accounts.

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Today's Best Savings Rates - CNET

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22 hours ago · The best high-yield savings account rates are still above 4% APY. If you haven't checked rates lately, you could be losing out on interest. Experts say high-yield savings …

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Best Savings Accounts That Offer Above-inflation Rates, 7 February

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4 hours ago · After years of low rates, high-yield savings accounts are sttill having a moment even as the Bank of England (BoE) cut interest rates at 4.5% in February. While homeowners face …

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The Best Savings Account Bonuses Of February 2025 | Fortune

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4 days ago · Savers can earn up to $525 with qualifying activity on new savings accounts, but it’s not always worth it.

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Best Savings Accounts That Offer Above Inflation Rates - Money …

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Feb 2, 2024 · After years of low rates, high-yield savings accounts are having a moment as the Bank of England has kept interest rates at a 15-year high of 5.25%. While homeowners face …

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FAQs about High-Yield Savings Account Rates Today: February 7, 2025 - Forbes Coupon?

Do high-yield savings accounts beat inflation?

These high-yield savings accounts offer attractive rates to beat inflation. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. ...

What are the best high-yield savings accounts this year?

We found that the best high-yield savings accounts this year offer 4.80% APY or higher. The top HYSA rate is at Digital Federal Credit Union (DCU), with 6.17% available on balances of up to $1,000. Jenius Bank offers the second-highest APY on our list at 4.80%. Newtek Bank offers 4.70% APY with no initial deposit required. ...

Are banks lowering interest rates on high-yield savings accounts?

After the Federal Reserve cut interest rates by 0.5% on Sep. 18, banks have started lowering the rates they offer on their high-yield savings accounts. Even still, the top rates currently range from 4% to above 5% APY, which is much higher than the national average savings rate of just 0.45% APY. ...

Which high-yield savings account has the highest APY?

Currently, the institution on our best high-yield savings account list with the highest APY is Santander Bank. Its Openbank savings account earns a 4.75% APY. Is it worth putting money into a high-yield savings account? Yes. ...

Are high-yield savings accounts a good investment?

Luckily, high-yield savings account rates are currently much higher than they've been in recent years, and there are a number of high-yield savings accounts that offer rates well above inflation. By moving your savings to one of these accounts, you'll be in a better position financially — now and over the long term. ...

Do savings rates beat inflation?

These three rate cuts have led to declines in savings rates, but you can still find savings accounts at banks and credit unions with rates that beat inflation, which is at 2.7 percent year-over-year as of November 2024. And they beat them by a good margin, as top savings account rates have remained above 4 percent. ...