Fed Rate Cut Will Hurt Your Savings Account Rates
The Fed Rate Cut Will Hurt Your Savings Account Rates, but It Comes With a Huge Upside
Savings account rates will fall further, but there are benefits on the way too. Here's what you need to know about the changes coming to your bank.
Where should you stash your savings after the Fed rate cut?
For example, "several banks are offering high-yield savings accounts with APYs of 4.85%," which, while "down from a peak of 5% or more prior to the rate cut" is still a "relatively robust offer," said CBS News.
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