While still elevated compared to recent history, the best savings account yields dropped as a result. The Fed began 2025, though, by keeping interest rates unchanged, and is only expect to pare ...

The Federal Reserve cut interest rates in 2024 after having raised them 11 times throughout 2022 and 2023 to combat inflation, but savings rates still haven’t substantially declined. We may see ...

Despite its large presence, Wells Fargo savings accounts earn relatively low interest rates. Depending on the savings account, you can earn higher rates with larger balances—but even these rates ...

Over the last year, the personal savings rate among U.S. consumers dropped from 26.6% in March 2021 to 6.2% in March 2022. This means Americans are putting a smaller percentage of disposable ...