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Today’s Lead Story
Tuesday, September 22

Banking

Fed Rate Hike Opens Door to 4.50% APY at Top High-Yield Savings Accounts

via NerdWallet

Following the September 16 Federal Reserve rate hike, the best high-yield savings accounts now pay up to 4.50% APY — more than ten times the FDIC national average of 0.38%. Most banks adjust their deposit rates within days of a Fed increase.

Why it matters

Moving $10,000 from a standard savings account paying 0.38% to a 4.50% high-yield account could earn roughly $412 more in interest over a year with no added risk.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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