High Savings APYs Won't Stick Around Long -- Don't Delay to Get a Good Rate. Today's Rates, Nov. 20, 2024 [CNET News]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: CNET News
Opening an account now can help you earn the most interest. Since the Federal Reserve started cutting interest rates in September, savings rates have taken a hit. Earlier this year, the APY on my savings account was 4.25%, but now it's 4.00%. Despite inflation increasing in October for the first time in months, a third rate cut in December isn't out of the question. That could lower savings rates even further. 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. Although some banks are offering APYs higher than what I'm earning, I'm sticking with my high-yield savings account to grow my funds. It's not always about the highest interest rate. I'm satisfied with my bank and don't need to chase a welcome bonus to realize short-term gains. If you still have your money in a traditional savings account, it's worth making the move to earn interest a
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News
- High Savings APYs Linger for Now, but Could Drop Soon. Today's Rates, Nov. 21, 2024 [CNET News]CNET News
- There's Still Time to Earn Interest on Your Savings, But Time's Ticking. Today's Rates, Nov. 19, 2024 [CNET News]CNET News
- Caught in a Loop: More Americans Are Unwittingly Ending Up on a Hamster Wheel of Credit Card Debt [Yahoo! Finance]Yahoo! Finance
- Caught in a Loop: More Americans Are Unwittingly Ending Up on a Hamster Wheel of Credit Card DebtPR Newswire
- Best Savings Rates Today, Nov. 18, 2024: Don't Miss Your Moment to Earn More Money [CNET News]CNET News
LC
Earnings
- 10/23/24 - Beat
LC
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- 11/8/24 - Form 144
- LC's page on the SEC website