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Stock impact report

Best Savings Rates Today -- Grow Your Savings Faster With APYs as High as 5.55%, June 18, 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
The Fed's decision to hold rates steady at last week's FOMC meeting means savings rates will likely remain high – for now. Earn more with high APYs now because once the Fed drops rates, your APYs will likely follow suit. The Federal Reserve held interest rates steady for the seventh consecutive time at last week's Federal Open Market Committee meeting. And for savers, that means high savings rates will likely hold on through the summer. The best high-yield savings accounts currently earn annual percentage yields, or APYs, as high as 5.55%. But you should act soon to maximize your interest earnings because some experts expect the Fed to cut rates later in 2024 -- which means your APY will likely drop, too. Here's where you can find the top savings rates this week. Experts recommend comparing rates before opening a savings account to get the best APY possible. You can enter your information below to see CNET's partners' rates in your area. Today's best savings rates Here Show less Read more
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