Best Savings Rates Today -- Score an APY as High as 5.55% While You Still Can, May 8, 2024 [CNET News]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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Source: CNET News
And if you're stashing your extra cash in a traditional savings account earning less than 1% annual percentage yield, or APY, you're missing out. Right now, the best high-yield savings accounts earn APYs up to 5.55% -- more than 10 times the national average of 0.46%. Though the Federal Reserve has opted to hold its benchmark rate steady at its last six Federal Open Market Committee meetings, some banks have quietly started to lower their savings account APYs. However, overall rates remain elevated, so there's still time to earn more than 5% APY with the right HYSA. Read on to learn where you can find today's top savings rates. Key takeaways You can still earn up to 5.55% APY with today's best high-yield savings accounts. Savings rates have been trending upward since March 2022, but they've likely leveled out. Some banks are already quietly lowering their rates. Opening a high-yield savings account now allows you to take advantage of high APYs while they're still around.
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News
- Why Is Discover (DFS) Up 0.4% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Interview: Google Cloud's Zac Maufe on the use of Cloud Services in the banking industry [Yahoo! Finance]Yahoo! Finance
- Best Savings Rates Today -- Don't Wait to Grow Your Savings With APYs Over 5%, May 17, 2024 [CNET News]CNET 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
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