The interest rates on your savings and loans are influenced by what the Federal Reserve does. The Fed cut rates more than once in 2024, which has stirred savings rate declines. It's still beneficial ...

Why has it taken so long for savings account interest rates to start rising? Nancy Marshall-Genzer Sep 16, 2022. Heard on: Listen ... There’s a lot happening in the world.

When you compare banks, the interest rate on savings accounts can be a key factor. If a bank offers a higher rate, you might choose it over others. This competition among banks benefits you.

The national average savings account rate is 0.38%, according to the FDIC. However, interest-bearing accounts can offer ...

For example, depositing $10,000 in a high-yield savings account at 4 percent APY right now could earn you nearly $400 more in interest than if you put the same amount into an account with a rock ...

If you’ve looked at your savings account statement recently, you may have noticed a lower interest rate than you were expecting. Perhaps as low as 0.06%. This is not a typo. To put that into ...

By 2021, interest rates were rising and, as a result, the top high-yield savings accounts rates averaged around 3.70%. Fast forward to 2023, and the average interest rates for top high-yield ...

Savings account interest rates have fluctuated over the years due to many different economic changes, such as during recessions, inflation, depressions and other economic conditions.

Interest rates of 4% to 5% have become the norm on “high-yield” savings accounts in the past two years in response to the Fed’s dramatic campaign of interest rate hikes to curb inflation ...

A savings account — especially a high-yield account — might be better if you prefer easy access to your cash, plan to make regular deposits or want to take advantage of rising interest rates.

Even though interest rates on high-yield savings accounts now hover around 1%, this yield still outpaces the 0.06% return you'd earn keeping your money in a traditional savings account.

Another interest rate hike could be good news for high-yield savings account owners. Getty Images/iStockphoto Following a welcome pause in interest rate hikes in June — the first pause by the ...