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Stock impact report

Best Savings Rates Today -- Grow Your Savings Faster With APYs up to 5.55%, May 9, 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
But if you're serious about maximizing your savings, a traditional savings account won't cut it. Currently, traditional savings accounts earn annual percentage yields, or APYs, as low as 0.01%. But the best high-yield savings accounts earn APYs up to 5.55% -- more than 10 times the national average of 0.46%. So, if you're earning less than 1% APY, you're missing out. Even if the rate environment shifts in the next several months, an HYSA can always be a smart savings strategy. 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. A high-yield savings account with a competitive APY can help you grow your money faster. Before you choose a high-yield savings account, consider more than just the APY. Look at minimum deposit requirements, fees and withdrawal limits. Experts recommend comparing rates before opening a savings account to get the best APY possible. You can enter your information Show less Read more
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