Best Savings Rates Today -- APYs Remain High After Yesterday's Fed Meeting, May 2, 2024 [CNET News]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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Source: CNET News
The Federal Reserve held interest rates steady for the sixth consecutive time on Wednesday, maintaining its target range of 5.25% to 5.5%. Though inflation has eased over the past year, it remains elevated, so the timeline for future rate drops is unclear. However, another rate hike pause means high savings rates will likely continue for the best high-yield savings accounts . If you're considering switching to a HYSA, now's the time to do so and maximize your earnings with a competitive rate. Once the Fed drops rates, you could see your annual percentage yield, or APY, go down. “When the Fed changes the rates, it impacts everything,” said Lanesha Mohip, a corporate accountant, founder of the Polished CEO and CNET expert review board member. “That includes borrowing and savings rates. While taking out a loan or paying back debt may be more expensive, the high rates can also put extra money in your savings.” Here's where you can find the top savings accounts and what experts want
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News
- Best Savings Rates Today -- Act Now to Score an APY up to 5.55%, May 16, 2024 [CNET News]CNET News
- American Banker announces finalists for the 2024 Innovators of the Year award, celebrating technology innovators in financial services [Yahoo! Finance]Yahoo! Finance
- Best Savings Rates Today, May 15, 2024: Don't Wait to Snag a High APY Up to 5.55% [CNET News]CNET News
- US banking regulators announce July 19 public meeting on Capital One-Discover deal [Reuters]Reuters
- US banking regulators announce July 19 public meeting on Capital One-Discover deal [Yahoo! Finance]Yahoo! Finance
DFS
Earnings
- 4/17/24 - Miss
DFS
Sec Filings
- 5/14/24 - Form 8-K
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- DFS's page on the SEC website