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Stock impact report

Best Savings Rates Today, Nov. 5, 2024: You Can Still Earn Up to 5.25% APY With One of These Top Accounts – for Now [CNET News]

LendingClub Corporation (LC) 
Last lendingclub corporation earnings: 2/18 04:06 pm Check Earnings Report
US:NYSE Investor Relations: ir.lendingclub.com
Company Research Source: CNET News
Key Takeaways Today's top high-yield savings accounts earn APYs up to 5.25%. APYs have been slipping since the Fed cut rates on Sept. 18, and rates will likely keep falling after this week's FOMC meeting. The sooner you open a high-yield savings account, the more interest you stand to earn. There's still time to earn up to 5.25% annual percentage yield with one of today's best high-yield savings accounts . Now's the time to act. Experts expect another rate cut at this week's Federal Open Market Committee meeting. “While a rate cut isn't guaranteed, the Fed might consider a modest reduction, likely around 0.25%,” said Chris Rivera, a certified public accountant and founder of The Ecommerce Accountants . “The reason for this would be to stimulate certain economic sectors while allowing inflation to stabilize closer to the Fed's target rate.” Savings APYs are variable, and they tend to fall when the Fed cuts rates. That means today's high rates won't stick around forever. So Show less Read more
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