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Stock impact report

Best Savings Rates Today, Sept. 24, 2024: The Clock Is Ticking on High APYs Following the Fed Rate Cut [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 You can earn up to 5.25% APY with today's best high-yield savings accounts. APYs have started to dip after the Fed's rate cut last week. Even with rate drops, HYSAs will continue to offer better APYs than traditional ones. Last week's rate cut likely marks the end of an era for high savings rates. In the past year, banks started quietly cutting rates in anticipation of the Federal Reserve's first rate cut since the pandemic. But now it's even more likely that the annual percentage yield, or APY, on your savings account will decrease in the coming months. The best APYs available on high-yield savings accounts are still north of 5%. However, these rates are likely the best you'll see for a while, so now's the time to act. Read on to see CNET's picks for the best high-yield savings account rates. Today's best savings rates Here are some of the top savings account APYs available right now: Bank APY Min. deposit to open Newtek Bank TAB Bank My B Show less Read more
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