Best Savings Rates Today -- Don't Wait to Maximize Your Interest Earnings, April 29, 2024 [CNET News]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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Source: CNET News
When the Federal Reserve started pushing the federal funds rate to fight record-high inflation in March 2022, savers started to reap the benefit of high savings rates -- with some over 5%. “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. Key takeaways Today's best high-yield savings accounts earn up to 5.55% APY. Opening a high-yield savings account today allows you to maximize your interest earnings before the Fed's anticipated rate cuts. There's a chance that the Fed could cut rates later this year, which could lower the interest you earn. But since July 2023, the federal funds rate has held at its target range of 5.25% to 5.5%, indicating to experts that savings rates are likely at their pe
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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