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Stock impact report

High Savings APYs Linger for Now, but Could Drop Soon. Today's Rates, Nov. 21, 2024 [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
APYs are still high but if the Fed lowers rates, rates are likely to fall. Earlier this year, the APY on my high-yield savings account was 4.25%, but now it's 4.00%. I used to get emails regularly from my bank when my rate increased, but this time the bank lowered its savings rate quietly and without warning. Some high-yield savings accounts still offer over 5% annual percentage yields -- more than 10 times the national average -- but experts don't anticipate high savings rates to last forever. Based on my own experience, it's clear that the days of high rates are coming to an end. If you're still holding your emergency or sinking fund in a traditional savings account, it's worth making the move to earn interest on the money you're saving. Otherwise, you may be losing out on interest to grow your savings. Here are some of the top savings account APYs available right now: Today's best savings rates Experts recommend comparing rates before opening a CD account to get the be Show less Read more
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