Best Savings Rates Today, April 22, 2024: Now's the Time to Earn More With One of These Savings Accounts [CNET News]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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Source: CNET News
Right now, high-yield savings accounts offer notably higher annual percentage yields, or APYs, than traditional savings accounts. However, the APY must outpace the current inflation rate of 3.5% to preserve your purchasing power. The best high-yield savings accounts earn up to 5.55% APY, while some traditional savings accounts offer paltry APYs as low as 0.01%. Over time, you're eroding your purchasing power with anything less than 3.5%. So, if you're looking for the best place to stash your emergency fund or start a sinking fund , now's the time to switch to a HYSA. Rates won't stay this high forever. Read on to learn where you can find today's top savings rates. Key takeaways Top savings account rates are still as high as 5.55% APY. Experts expect savings rates to fall later this year when the Fed begins cutting rates. Your savings must earn interest at a rate matching or exceeding the current inflation rate of 3.5% to preserve your purchasing power. Experts recommend
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News
- Best Savings Rates Today -- Earn a High APY While You Still Can, May 3, 2024 [CNET News]CNET News
- Best Savings Rates Today -- APYs Remain High After Yesterday's Fed Meeting, May 2, 2024 [CNET News]CNET News
- Best Savings Rates Today -- Act Now to Earn up to 5.55% APY, May 1, 2024 [CNET News]CNET News
- Best Savings Rates Today -- Don't Wait Until the Fed Makes Its Next Move to Earn High Rates, April 30, 2024 [CNET News]CNET News
- Best Savings Rates Today -- Don't Wait to Maximize Your Interest Earnings, April 29, 2024 [CNET News]CNET News
DFS
Earnings
- 4/17/24 - Miss
DFS
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 425
- 5/1/24 - Form 10-Q
- DFS's page on the SEC website