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The Federal Reserve announced a cut to benchmark interest rates yesterday, dropping the Fed rate by 50 basis points to a range of 4.75% to 5.00% — the first time its lowered rates since March 2020.
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 5% APY.
Here's how FDIC national deposit rates on a $10,000 minimum deposit compare between July and August 2024 on traditional low-interest deposit accounts. ... Savings rates and high-interest accounts ...
While some of the biggest national banks like Chase and Bank of America offer interest rates as low as 0.01%, several high-yield savings accounts (HYSAs) feature APYs of 5.00% or more.
www.navyfederal.org. Navy Federal Credit Union (or Navy Federal) is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member (or retail) credit union in the United States, both in asset size and in ...
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 5% APY.
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