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Stock impact report

There's Only One 5% Savings Account Left. Today's Daily Savings Rates, Nov. 29, 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
A high-yield savings account offers a safe place to park your funds, while earning interest on your money. We've been watching savings rates fall slightly over the past few months and now only one bank on the list CNET tracks is offering an APY over 5%. Most banks have lowered their high-yield savings rates to 4.90% or lower, with many dropping below 4%. That's a far cry from the high 5% and even 6% savings rates we saw a year ago. Savings account rates could drop even lower when the Federal Reserve meets on Dec. 17 and 18 to decide if they'll lower the federal funds rate again. But regardless of whether high-yield savings account rates drop even further, you'll still earn more in interest than you would with a traditional savings account. Compared to the paltry rates traditional savings accounts offer, high-yield savings accounts will help you grow your money even faster . High-yield savings accounts also offer a safe place to store an emergency fund or money you'll need for Show less Read more
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