Savings Rates Still Hover Around 4% APY, but They're Heading

3 days ago · The average savings APY has dropped to 4.13%. Many banks are keeping savings rates stagnant, but a few have lowered rates this week. This account can still help you reach …

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Savings Rates Still Hover Around 4% APY, But They're Heading

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3 days ago · The average savings APY has dropped to 4.13%. Many banks are keeping savings rates stagnant, but a few have lowered rates this week. This account can still help you reach …

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Savings Interest Rates Today, January 6, 2025 (Top Rate At 4.75% APY)

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As of January 6, 2025, the highest savings account rate available today is 4.75% APY. This rate is offered by Openbank and there is a $500 minimum opening deposit required.

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Savings Interest Rates Today, December 27, 2024 (up To 4.30% APY …

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As of December 27, 2024, the highest savings account rate offered by our partners is 4.30% APY. This rate is offered by BMO Alto and there is no minimum opening deposit required.

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1. Historically, Savings Rates Are Still Strong - Business Insider

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Nov 17, 2024 · Most high-yield savings accounts currently pay around 4% APY, and savings rates are likely to drop further in the coming months. ... But earning a 4% interest rate is still pretty …

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2025 Savings Rate Forecast: Will Rates Go Down? - Business Insider

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Dec 18, 2024 · Most top high-yield savings accounts stand at the 4% to 5% APY range heading into 2025. Savings account rates are likely to drop in 2025, although the Fed's decisions may …

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Savings Rates Are Falling, But You Can Still Get A Great Return With A ...

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Jan 6, 2025 · As of mid December, the national average savings rate was just 0.42%—compare that to online banks, some of which offer up to 5% APY—that’s 12 times the rate. High-yield …

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What The Fed Rate Announcement Means For Savings Accounts

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Jan 29, 2025 · With no change to the federal funds rate — the target range remains between 4.25% and 4.50% — savers are unlikely to see large rate swings. But small rate changes in …

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There's Still Time To Earn Savings On APYs Over 4%. Today's …

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Jan 8, 2025 · The best high-yield savings accounts still have rates above 4% APY, which is higher than most traditional savings accounts that offer 0.01%. Even when rates fall, experts …

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It's Not The End Of 4% APYs Yet. Today's Savings Rates For Jan

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Jan 9, 2025 · If you find a bank with a 4.4% APY and make the same deposit, you'll earn $5.41 -- a 24-cent difference. What to consider before opening a high-yield savings account Here are …

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After The Fed Cut Rates, Some Banks Are Still Paying Over 5% APY

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To earn 4.00% APY — the highest savings account rate — you also need to maintain a minimum daily balance of $100,000 or more. By itself, TD Signature Savings only offers 0.01% to 0.05% …

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Savings Rates Are Falling, But There's Still Time To Grab A 5% APY ...

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Dec 3, 2024 · After the Fed issued its first rate cut this year in September, many CNET-tracked banks started lowering their savings account rates. For example, LendingClub cut its APY …

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FAQs about Savings Rates Still Hover Around 4% APY, but They're Heading Coupon?

Do savings rates still move 4% APY?

If you buy through our links, we may get a commission. Reviews ethics statement Savings Rates Still Hover Around 4% APY, but They're Heading Downhill. Today's Best Savings Rates for Feb. 5, 2025 Waiting for better rates could mean missing out on APYs that could boost your balance. ...

Are savings rates going down?

Savings Rates Still Hover Around 4% APY, but They're Heading Downhill. Today's Best Savings Rates for Feb. 5, 2025 Waiting for better rates could mean missing out on APYs that could boost your balance. The average savings APY has dropped to 4.13%. Many banks are keeping savings rates stagnant, but a few have lowered rates this week. ...

What is a good APY rate for a savings account?

See how we rate banking products to write unbiased product reviews. Most top high-yield savings accounts stand at the 4% to 5% APY range heading into 2025. Savings account rates are likely to drop in 2025, although the Fed's decisions may impact pacing. ...

How much APY does a high-yield savings account pay?

The best high-yield savings accounts currently pay around 4% to 5% APY (Annual Percentage Yield), but market conditions are changing. The Federal Reserve cut interest rates three times in 2024 and as outlined in the Summary of Economic Projections, more rate cuts could happen in 2025. ...

Should you consider APY when choosing a high-yield savings account?

Though it's important to consider the APY when choosing a high-yield savings account, the rate you sign up for is not guaranteed forever. In fact, APYs are subject to change without notice, as they often fluctuate in accordance with the Fed rate. ...

Will high-yield savings accounts see a drop in apys?

Top-yielding accounts, specifically high-yield savings accounts and CDs, have seen or likely will see a drop in their APYs in the near future, unless something unexpected happens such as a sudden spike in inflation, which could cause the Fed to change course on lowering rates. ...