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Stock impact report

Start Your 2025 Savings Goals Now. High APYs Could Be Gone by the New Year. Today's Savings Rates, Dec. 5, 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
If the Fed lowers rates again, savings APYs could drop further, so your savings will accrue less interest. Kickstarting your savings goals with a HYSA now can help set you on the right track for 2025. There's still time to boost your savings by stashing it in one of the best high-yield savings accounts . The average savings rate APY is still over 4.30%, based on our daily tracking. Savings rates haven't changed drastically over the past few weeks, but banks have steadily lowered them this year. While interest rates on the best savings accounts are still high, APYs have fallen from the 6% highs we saw a year ago. There's only one bank that offers 5.00%, but only for balances up to $5,000. If the Federal Reserve lowers rates at its meeting this month, it could mean even lower savings rates . Even though holiday sales are happening, it's best to start thinking about your 2025 saving goals while rates are still favorable. You can automate your savings and earn interest on any mon Show less Read more
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