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Stock impact report

Best Savings Rates Today -- Don't Miss Out On APYs This High, April 23, 2024 [CNET News]

Discover Financial Services (DFS) 
Last discover financial services earnings: 4/22 05:35 pm Check Earnings Report
US:NYSE Investor Relations: investorrelations.discover.com
Company Research Source: CNET News
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. Today's best high-yield savings accounts earn up to 5.55% APY -- more than 10 times the national average of 0.46%. But these rates won't stick around forever. Although we don't have a specific timeline for future rate cuts, The Federal Reserve forecasts three rate cuts in 2024. So the sooner you open a high-yield savings account, the more interest you stand to earn. Read on to learn where you can find today's top savings rates. Key takeaways Today's best high-yield savings accounts earn up to 5.55% APY. With rate cuts expected later this year, now's the time to take advantage of high rates while they're still around. The top high-yield savings accounts earn APYs more than 10 times the national average. Experts recommend comparing rates before opening a sav Show less Read more
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