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Stock impact report

Best Savings Rates Today -- Grow Your Savings Faster With APYs Over 5%, June 7, 2024 [CNET News]

Discover Financial Services (DFS) 
Last discover financial services earnings: 4/22 05:35 pm Check Earnings Report
US:NYSE Investor Relations: investorrelations.discover.com
Company Research Source: CNET News
Key takeaways Today's best high-yield savings accounts offer APYs up to 5.55%. Experts expect the Fed to maintain its current federal funds rate at its next meeting on June 11-12. Even if the Fed cuts rates later in the year, interest rates are expected to remain high through the end of 2024. Right now, the top high-yield savings accounts earn annual percentage yields, or APYs, up to 5.55% -- more than 10 times the national average . And with all eyes on the Fed heading into next week's Federal Open Market Committee meeting, experts expect savings rates to remain level for now. “With the Fed still waiting for several months of consistent disinflation data, the Fed should continue to hold rates steady at its June meeting,” said Ken Tumin, senior banking industry analyst at LendingTree. What does that mean for today's savings rates? There's still plenty of time to maximize your interest earnings with a competitive APY. Experts expect rate cuts later this year, so the sooner Show less Read more
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