{"id":640388,"date":"2024-10-03T15:20:09","date_gmt":"2024-10-03T12:20:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/"},"modified":"2024-10-03T15:20:09","modified_gmt":"2024-10-03T12:20:09","slug":"make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/","title":{"rendered":"#Make your money work harder at 5.30% APY amid falling rates \u2014 Oct. 3, 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a393f8681b97\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a393f8681b97\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#High-yield_savings_rates_for_October_3_2024\" >High-yield savings rates for October 3, 2024<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Earn_up_to_450_APY_on_savings_050_APY_on_checking\" >Earn up to 4.50% APY on savings | 0.50% APY on checking<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#0_monthly_fees_55000_fee-free_ATMs\" >$0 monthly fees | 55,000+ fee-free ATMs<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Traditional_savings_account_rates\" >Traditional savings account rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#What_is_a_savings_account\" >What is a savings account?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Simple_interest_vs_compound_interest\" >Simple interest vs. compound interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#High-yield_savings_accounts_vs_traditional_savings_accounts_Whats_the_difference\" >High-yield savings accounts vs. traditional savings accounts: What&#8217;s the difference?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#How_to_compare_the_best_savings_accounts\" >How to compare the best savings accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Other_deposit_accounts_to_save_and_grow_your_money\" >Other deposit accounts to save and grow your money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Savings_rates_and_high-interest_accounts_in_the_news\" >Savings rates and high-interest accounts in the news<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#September_18_2024_Fed_lowers_benchmark_rate_for_first_time_since_March_2020\" >September 18, 2024: Fed lowers benchmark rate for first time since March 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#What_to_expect_at_the_Feds_November_policy_meeting\" >What to expect at the Fed&#8217;s November policy meeting<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Key_terms_to_know\" >Key terms to know<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Frequently_asked_questions_about_savings_accounts\" >Frequently asked questions about savings accounts<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#What_is_compound_interest\" >What is compound interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Do_I_need_to_pay_taxes_on_a_savings_account\" >Do I need to pay taxes on a savings account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Which_is_best_fixed_rates_or_variable_rates\" >Which is best: fixed rates or variable rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#How_do_banks_make_money_on_savings_accounts\" >How do banks make money on savings accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Is_my_money_safe_with_an_online-only_neobank_or_digital_account\" >Is my money safe with an online-only neobank or digital account?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/buradabiliyorum.com\/en\/make-your-money-work-harder-at-5-30-apy-amid-falling-rates-oct-3-2024\/#Sources\" >Sources<\/a><\/li><\/ul><\/nav><\/div>\n<div>Rates are falling fast in the wake of the Federal Reserve&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"#september-18-2024-fed-lowers-benchmark-rate-for-first-time-since-march-2020\" data-jump-link=\"\" data-ylk=\"slk:lowering of interest rates on Sept. 18;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">lowering of interest rates on Sept. 18<\/a> \u2014 the first Fed rate cut in four years. Yet among your best ways to stay ahead of lower interest rates is by moving your money to a high-yield savings account positioned to pay out significantly more than your traditional account, making your money work harder.<\/p>\n<p>You can still find digital banks and online accounts paying out up to 5.30% APY, offering a safe, stable way to support your everyday banking or build an emergency reserve to weather the unexpected. Without the overhead of branches and staff, these modern banks pass along the savings to you in the form of significantly higher yields \u2014 more than <a rel=\"nofollow noopener\" target=\"_blank\" href=\"#traditional-savings-account-rates\" data-jump-link=\"\" data-ylk=\"slk:10 times more than the national average;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">10 times more than the national average<\/a> \u2014\u00a0with no fees, minimums or withdrawal penalties that can get in the way of what you earn. And like your typical savings, these accounts are protected by FDIC insurance for up to $250,000.<\/p>\n<p>With the Fed expected to measure out <a rel=\"nofollow noopener\" target=\"_blank\" href=\"#what-to-expect-at-the-feds-november-policy-meeting\" data-jump-link=\"\" data-ylk=\"slk:at least two additional interest rate cuts;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">at least two additional interest rate cuts<\/a> in the coming months, now&#8217;s the best time to secure the most solid rate you can on your hard-earned savings. Here&#8217;s where to find today&#8217;s highest yields on FDIC-insured accounts with signup in minutes.<\/p>\n<p><strong><em>Best CD rates today: <\/em><\/strong><em>Hit your savings targets with predictable yields of up to 5.10%<\/em><\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"high-yield-savings-rates-for-october-3-2024\"><span class=\"ez-toc-section\" id=\"High-yield_savings_rates_for_October_3_2024\"><\/span>High-yield savings rates for October 3, 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Today\u2019s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.30% APY with no minimums at Lending Club, Western Alliance Bank and other trusted providers as of Thursday, October 3, 2024.<\/p>\n<p>These digital accounts and online-only banks may not be familiar as <a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"elm:affiliate_link;sellerN:American Express;elmt:;cpos:6;pos:1\" href=\"https:\/\/shopping.yahoo.com\/rdlw?merchantId=6b997c9f-a6a2-40d0-b548-86a6234f8773&amp;siteId=us-aol&amp;pageId=1p-autolink&amp;featureId=text-link&amp;merchantName=American+Express&amp;custData=eyJzb3VyY2VOYW1lIjoiV2ViLURlc2t0b3AtVmVyaXpvbiIsImxhbmRpbmdVcmwiOiJodHRwczovL3d3dy5hbWVyaWNhbmV4cHJlc3MuY29tL2VuLXVzL2Jhbmtpbmcvb25saW5lLXNhdmluZ3MvaGlnaC15aWVsZC1zYXZpbmdzLyIsImNvbnRlbnRVdWlkIjoiMzA3MDY5NGUtOTAwZS00YWE5LTgxYjItOGQxNzkxY2Q4OGE5Iiwib3JpZ2luYWxVcmwiOiJodHRwczovL3d3dy5hbWVyaWNhbmV4cHJlc3MuY29tL2VuLXVzL2Jhbmtpbmcvb25saW5lLXNhdmluZ3MvaGlnaC15aWVsZC1zYXZpbmdzLyJ9&amp;signature=AQAAAUC5tSjv5A1n0cbsJw4AWHLcy6pyiOEZwfcWMmNtfsyY&amp;gcReferrer=https%3A%2F%2Fwww.americanexpress.com%2Fen-us%2Fbanking%2Fonline-savings%2Fhigh-yield-savings%2F\" class=\"link rapid-noclick-resp rapid-with-clickid etailiffa-link\" data-ylk=\"slk:American Express;elm:affiliate_link;sellerN:American Express;elmt:;cpos:6;pos:1;itc:0;sec:content-canvas\">American Express<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/www.capitalone.com\/bank\/savings-accounts\/online-performance-savings-account\/\" data-ylk=\"slk:Capital One;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">Capital One<\/a> or <a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"elm:affiliate_link;sellerN:Discover;elmt:;cpos:8;pos:1\" href=\"https:\/\/shopping.yahoo.com\/rdlw?merchantId=c54269cf-2859-487a-b98e-c9da4036c300&amp;siteId=us-aol&amp;pageId=1p-autolink&amp;featureId=text-link&amp;merchantName=Discover&amp;custData=eyJzb3VyY2VOYW1lIjoiV2ViLURlc2t0b3AtVmVyaXpvbiIsImxhbmRpbmdVcmwiOiJodHRwczovL3d3dy5kaXNjb3Zlci5jb20vb25saW5lLWJhbmtpbmcvc2F2aW5ncy1hY2NvdW50LyIsImNvbnRlbnRVdWlkIjoiMzA3MDY5NGUtOTAwZS00YWE5LTgxYjItOGQxNzkxY2Q4OGE5Iiwib3JpZ2luYWxVcmwiOiJodHRwczovL3d3dy5kaXNjb3Zlci5jb20vb25saW5lLWJhbmtpbmcvc2F2aW5ncy1hY2NvdW50LyJ9&amp;signature=AQAAASVmXRW0zhP2hU_TGXkXiSAdFkswCoiNmFyS4G0xRcRx&amp;gcReferrer=https%3A%2F%2Fwww.discover.com%2Fonline-banking%2Fsavings-account%2F\" class=\"link rapid-noclick-resp rapid-with-clickid etailiffa-link\" data-ylk=\"slk:Discover;elm:affiliate_link;sellerN:Discover;elmt:;cpos:8;pos:1;itc:0;sec:content-canvas\">Discover<\/a>, though each partners with an FDIC-insured bank to offer deposit accounts that are insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA) \u2014 just like those at your neighborhood bank.<\/p>\n<p>And while the Federal Reserve once limited transactions and withdrawals from high-yield savings accounts to six a month, that limitation is permanently suspended in the wake of the pandemic, with many banks no longer restricting how often you can move money in and out of your account.<\/p>\n<p><strong>Dig deeper: <\/strong>How to find and open a high-yield savings account in 5 steps<\/p>\n<div id=\"d068fb377e0f42ddac5b0a107f0dbb00\" class=\"mini-pd commerce-module\" data-jump-link-target=\"\">\n<ul class=\"product-list\">\n<li class=\"list-item\">\n<div class=\"img-container\"><img loading=\"lazy\" decoding=\"async\" class=\"caas-img caas-lazy has-width\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/b5MjsAxRPD6UTEnB0RQ.Lw--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDtoPTE4MA--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/4hQkHtuvCTvTQz2kyvHJdA--~B\/aD02MDA7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media-mbst-pub-ue1.s3.amazonaws.com\/creatr-uploaded-images\/2024-09\/f9ff17b0-748d-11ef-b7bf-a1e4fd457d09\" height=\"90\" width=\"120\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/b5MjsAxRPD6UTEnB0RQ.Lw--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDtoPTE4MA--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/4hQkHtuvCTvTQz2kyvHJdA--~B\/aD02MDA7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media-mbst-pub-ue1.s3.amazonaws.com\/creatr-uploaded-images\/2024-09\/f9ff17b0-748d-11ef-b7bf-a1e4fd457d09\" height=\"90\" width=\"120\" class=\"caas-img has-width\"><\/div>\n<div class=\"info\">\n<div class=\"info-data\">\n<h3 class=\"subhead-mini\"><span class=\"ez-toc-section\" id=\"Earn_up_to_450_APY_on_savings_050_APY_on_checking\"><\/span>Earn up to 4.50% APY on savings | 0.50% APY on checking<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4 class=\"name\"><span class=\"ez-toc-section\" id=\"0_monthly_fees_55000_fee-free_ATMs\"><\/span>$0 monthly fees | 55,000+ fee-free ATMs<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"caas-jump-link-heading\" id=\"traditional-savings-account-rates\"><span class=\"ez-toc-section\" id=\"Traditional_savings_account_rates\"><\/span><strong>Traditional savings account rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Federal Deposit Insurance Corporation tracks monthly average interest rates paid on savings and other deposit accounts, like certificates of deposit, that offer insight into the interest you might receive at your local bank or on traditional accounts.<\/p>\n<p>Here&#8217;s how FDIC national deposit rates on a $10,000 minimum deposit compare between August and September 2024 on traditional low-interest deposit accounts.<\/p>\n<p>Pulling back on average rate updates over the past year shows minimal movement for traditional savings accounts with changes on shorter-term CDs between April 2024 and September 2024.<\/p>\n<p>The FDIC is an independent government agency charged with maintaining stability and public confidence in the U.S. financial system and providing insurance on consumer deposit accounts.<\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"what-is-a-savings-account\"><span class=\"ez-toc-section\" id=\"What_is_a_savings_account\"><\/span><strong>What is a savings account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A savings account is a type of deposit account designed for storing money you don\u2019t expect to use for regular expenses, like paying bills or buying groceries. These accounts don&#8217;t typically offer check-writing privileges or debit cards, though you can find limited checking with a high-yield money market account.<\/p>\n<p>Saving accounts earn you interest on your balance \u2014 anywhere from a modest 1% APY with a traditional account to a lucrative 4% APY and higher for high-yield accounts \u2014 compounding what you earn and helping your savings to grow faster.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"simple-interest-vs-compound-interest\"><span class=\"ez-toc-section\" id=\"Simple_interest_vs_compound_interest\"><\/span><strong>Simple interest vs. compound interest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Simple interest refers to the interest you earn on your principal balance only. Let&#8217;s say you invest $10,000 into an account that pays 3% in simple interest. After three years, you\u2019d have earned $900 in interest \u2014 $300 each year \u2014 for a total of $10,900 in your account.<\/p>\n<p>Now let&#8217;s say you invest $10,000 in an account that pays 3% compounded annually. At the end of the first year, you&#8217;d have earned $300 in interest, for a total of $10,300 in your account. If you left your account as is for another year, you\u2019d have earned another $309 in interest \u2014 $300 on your initial deposit and another $9 on the interest reinvested from year one \u2014 for a new total of $10,609. Year three, you\u2019d earn another $318.27 in interest \u2014 $300 on your initial deposit and another $18.27 on the interest you earned. At the end of the same three years, you&#8217;d have earned $927.27 in interest for a total of $10,927.27 in your account \u2014 and that&#8217;s <em>without<\/em> additional contributions to that initial $10,000.<\/p>\n<p>Savings accounts can compound daily, monthly or quarterly, depending on the bank and account. The more frequent the compounding, the more you can earn \u2014 so read your account&#8217;s disclosure statements to understand how often your interest is compounded and credited to your account. Larger balances over longer periods can add up to even more significant savings.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 242px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:19%\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"Compounding and crediting disclosure for Capital One 360 Performance Savings\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/MWP01hZ7v6aN688jWdkmdA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD0yNDI-\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/8079d150-08b3-11ef-9bcf-2874da7e035f\"><img decoding=\"async\" alt=\"Compounding and crediting disclosure for Capital One 360 Performance Savings\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/MWP01hZ7v6aN688jWdkmdA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD0yNDI-\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/8079d150-08b3-11ef-9bcf-2874da7e035f\" class=\"caas-img\"><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">Compounding and crediting disclosure for Capital One 360 Performance Savings<span class=\"caption-credit\"> (Capital One)<\/span><\/figcaption><\/p>\n<\/figure>\n<h3 class=\"caas-jump-link-heading\" id=\"high-yield-savings-accounts-vs-traditional-savings-accounts-whats-the-difference\"><span class=\"ez-toc-section\" id=\"High-yield_savings_accounts_vs_traditional_savings_accounts_Whats_the_difference\"><\/span><strong>High-yield savings accounts vs. traditional savings accounts: What&#8217;s the difference?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There\u2019s no official definition for either of these accounts. Rather, each is a type of deposit account that can earn you incremental interest on your balance, helping you to grow your savings. The money you save in these accounts is federally insured up to $250,000 by the FDIC or the NCUA for up to $250,000 per person, per account, protecting your nest egg against risk.<\/p>\n<p>Your earning potential is the most important difference between an HYSA and a traditional savings account. A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, passing along overhead savings in the form of high yields \u2014 more than 10 times the national average when compared to a traditional account. The best of these digital banks and online accounts come with no fees and no minimum deposits \u2014 like <a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/oc.brcclx.com\/t?lid=26743076\" data-ylk=\"slk:SoFi's checking and savings;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">SoFi&#8217;s checking and savings<\/a> that pays up to 4.50% APY \u2014 removing any challenges to maintaining your account over the long term.<\/p>\n<p><strong>Dig deeper: <\/strong>High-yield savings vs. traditional savings account: Why it\u2019s worth the switch<\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"how-to-compare-the-best-savings-accounts\"><span class=\"ez-toc-section\" id=\"How_to_compare_the_best_savings_accounts\"><\/span><strong>How to compare the best savings accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Digital banking opens up more competitive rates and fewer fees than your neighborhood brick-and-mortar bank, and robust <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s make it easy to keep an eye on your balance, manage money among everyday accounts and deposit checks from your smartphone or tablet.<\/p>\n<p>Yet while it&#8217;s tempting to choose an account based only on its highest advertised APY, interest rates on savings accounts are variable \u2014 meaning rates can fluctuate after you open one and change over time. And you could be earning a lower rate if the Fed cuts its benchmark interest rate later this year.<\/p>\n<p>Instead, look for an account that fits the way you like to bank, weighing factors that include:<\/p>\n<ul class=\"caas-list caas-list-bullet\">\n<li>\n<p><strong>Promotional rates. <\/strong>Today&#8217;s high-yield accounts can earn 4% APY and higher. Yet some accounts advertise promotional or limited-time rates to entice you to sign up before adjusting to a lower rate based on market conditions.<\/p>\n<\/li>\n<li>\n<p><strong>Low or no minimums. <\/strong>The best savings accounts require no minimum deposit or balance to earn interest, though you might be required to open with a minimum deposit or maintain a specific monthly balance to avoid monthly maintenance or service fees.<\/p>\n<\/li>\n<li>\n<p><strong>Ease of accessing your money. <\/strong>Look for flexibility that includes ATMs and mobile apps that accept checks for deposit \u2014 or branch access, if you prefer in-person banking.<\/p>\n<\/li>\n<li>\n<p><strong>FDIC or NCUA protections. <\/strong>Savings accounts are federally insured for up to $250,000 per account, per person \u2014 which means your money is safe up to the limit.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Dig deeper:<\/strong> Can you lose money in a high-yield account? It&#8217;s unlikely, but here&#8217;s what to watch out for<\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"other-deposit-accounts-to-save-and-grow-your-money\"><span class=\"ez-toc-section\" id=\"Other_deposit_accounts_to_save_and_grow_your_money\"><\/span><strong>Other deposit accounts to save and grow your money<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A savings account can offer flexible access to your money, but it isn\u2019t the only safe place to store your savings and earn interest on your balance. Look to these alternatives that offer steady returns at APYs that can outpace traditional accounts.<\/p>\n<ul class=\"caas-list caas-list-bullet\">\n<li>\n<p><strong>Certificate of deposit.<\/strong> A CD guarantees a high fixed rate of return on a principal deposit at the end of an agreed-on term. CDs differ from savings accounts in that you risk a withdrawal penalty if you need to access your money before the CD matures \u2014 though a short-term CD ladder can help you leverage today&#8217;s strongest rates with flexible, rolling returns into next year or longer.<\/p>\n<\/li>\n<li>\n<p><strong>Money market account. <\/strong>Also called a money market savings account, the rate on an MMA can beat those of traditional savings accounts, with the same access to your money.<\/p>\n<\/li>\n<li>\n<p><strong>High-yield checking account. <\/strong>A high-yield checking account is like a money market account in that it combines high APYs with checking benefits, but with unlimited debit and check-writing privileges you won&#8217;t find with an HYSA or MMA.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Dig deeper:<\/strong> HYSA vs. money market account: Which high-APY account is best for your nest egg?<\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"savings-rates-and-high-interest-accounts-in-the-news\"><span class=\"ez-toc-section\" id=\"Savings_rates_and_high-interest_accounts_in_the_news\"><\/span><strong>Savings rates and high-interest accounts in the news<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Savings rates strongly correlate with the target interest rate set by the Federal Reserve, the country\u2019s central bank. This Fed rate is the benchmark that affects interest rates set for deposit accounts, loans, mortgages, credit cards and other financial products. As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts \u2014 with today\u2019s rates on the best high-yield savings accounts topping 4% APY.<\/p>\n<p>After increasing the target interest rate 11 times from March 2022 to July 2023 in an effort to combat the<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:20;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/america-latest-inflation-wave-corporations-182957694.html\" data-ylk=\"slk:highest inflation in four decades;cpos:20;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link rapid-noclick-resp yahoo-link\"> highest inflation in four decades<\/a> coming out of the pandemic, the Federal Reserve announced a highly anticipated half-point cut to its federal funds target interest rate after its September 2024 policy meeting.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"september-18-2024-fed-lowers-benchmark-rate-for-first-time-since-march-2020\"><span class=\"ez-toc-section\" id=\"September_18_2024_Fed_lowers_benchmark_rate_for_first_time_since_March_2020\"><\/span>September 18, 2024: <strong>Fed lowers benchmark rate for first time since March 2020<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to a range of 4.75% to 5.00% \u2014 the first cut since the Fed began raising rates in March 2022 \u2014 from a 23-year high of 5.25% to 5.50%.<\/p>\n<p>A half-point cut isn\u2019t typical of the Fed\u2019s decisions, which historically call for measured quarter-point reductions, but points to an urgency in keeping the economy healthy, easing a slowdown in the labor market and averting a recession.<\/p>\n<p>In its<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:21;pos:1\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20240918a.htm\" data-ylk=\"slk:post-meeting statement;cpos:21;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\"> post-meeting statement<\/a>, the Federal Reserve said it was lowering the target range &#8220;in light of the progress on inflation and the balance of risks,&#8221; acknowledging it&#8217;s &#8220;gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance.&#8221;<\/p>\n<p>Economists<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:22;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/fed-dot-plot-suggests-central-bank-will-slash-interest-rates-two-more-times-in-2024-after-mega-50-basis-point-cut-182511834.html\" data-ylk=\"slk:estimate at least two additional rate cuts this year;cpos:22;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link rapid-noclick-resp yahoo-link\"> estimate at least two additional rate cuts this year<\/a> with an additional four cuts anticipated in 2025.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"what-to-expect-at-the-feds-november-policy-meeting\"><span class=\"ez-toc-section\" id=\"What_to_expect_at_the_Feds_November_policy_meeting\"><\/span>What to expect at the Fed&#8217;s November policy meeting<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It&#8217;s too early to predict what the Federal Reserve will decide at its next policy meeting on November 6 and November 7, 2024, though many experts expect the Fed will announce additional cuts to the federal funds rate in the year to come.<\/p>\n<p>Economists are keeping a close eye on inflation and labor reports amid speculation as to timing of future cuts to the Fed rate. Signs of cooling inflation paved the way for September\u2019s first rate cut, with economic data indicating a continued decline from a<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:23;pos:1\" href=\"https:\/\/www.bls.gov\/opub\/ted\/2022\/consumer-prices-up-9-1-percent-over-the-year-ended-june-2022-largest-increase-in-40-years.htm\" data-ylk=\"slk:peak of 9.1% in June 2022;cpos:23;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\"> peak of 9.1% in June 2022<\/a> to rates that have ranged from 2.5% and 4% since May 2023.<\/p>\n<p>An eagerly awaited<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:24;pos:1\" href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" data-ylk=\"slk:jobs report released September 6;cpos:24;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\"> jobs report released September 6<\/a> showed softer job growth in August but also a rise in hiring, putting the unemployment rate at 4.2%, down from 4.3% in July. An<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:25;pos:1\" href=\"https:\/\/www.bls.gov\/ces\/notices\/2024\/2024-preliminary-benchmark-revision.htm\" data-ylk=\"slk:August 21 revision;cpos:25;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\"> August 21 revision<\/a> to employment data indicated the labor market<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:26;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-employment-falls-by-818000-in-latest-government-revision-144414848.html\" data-ylk=\"slk:may have been cooling before initially thought;cpos:26;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link rapid-noclick-resp yahoo-link\"> may have been cooling before initially thought<\/a>, with 818,000 fewer jobs created from April 2023 through March 2024, stoking recession fears. The latest data allays those concerns.<\/p>\n<p>Continued good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> for the economy came from the one-two punch of twin inflation reports in mid-September. The consumer price index<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:27;pos:1\" href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" data-ylk=\"slk:released on September 11;cpos:27;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\"> released on September 11<\/a> showed consumer prices rose 2.5% year over year in August, down from 2.9% in July \u2014 the<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:28;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/inflation-consumer-prices-rise-at-slowest-pace-since-early-2021-132305109.html\" data-ylk=\"slk:lowest index reading since March 2021;cpos:28;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link rapid-noclick-resp yahoo-link\"> lowest index reading since March 2021<\/a>. The producer price index<a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:29;pos:1\" href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\" data-ylk=\"slk:released on September 12;cpos:29;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\"> released on September 12<\/a> reported a modest 0.2% increase in wholesale prices \u2014 or the prices manufacturers pay to producers of goods and services \u2014 in August from July, in line with expectations.<\/p>\n<p>At a post-meeting press conference on September 18, Federal Reserve Chair Jerome Powell said, \u201cThe U.S. economy is in good shape. It is growing at a solid pace. Inflation is coming down,\u201d but also warned not to take the half-point cut as &#8220;the new pace,&#8221; adding, \u201cI think we\u2019re going to go carefully meeting by meeting, and make our decisions as we go.&#8221;<\/p>\n<p>The Powell-led rate-setting panel will announce a rate decision at the conclusion of its meeting on Thursday, November 7, 2024, at 2 p.m. ET.<\/p>\n<p><strong>Dig deeper:<\/strong> When\u2019s the next Federal Reserve meeting? What to expect \u2014 and how it affects your finances<\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"key-terms-to-know\"><span class=\"ez-toc-section\" id=\"Key_terms_to_know\"><\/span><strong>Key terms to know<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"caas-list caas-list-bullet\">\n<li>\n<p><strong>Annual percentage yield.<\/strong> Called the APY, this is the total amount of interest you&#8217;ll earn on your deposit over one year, including compound interest, expressed as a percentage.<\/p>\n<\/li>\n<li>\n<p><strong>Member FDIC.<\/strong> When a bank or financial institution is advertised as a member of the FDIC, it means that your money is protected by the Federal Deposit Insurance Corporation. Funds held by member FDIC institutions are insured and federally protected for up to $250,000 per depositor, offering a layer of protection if the bank were to go out of business.<\/p>\n<\/li>\n<li>\n<p><strong>Maintenance or service fee.<\/strong> Some banks charge fees each month for simply holding your money, but many of the best high-yield savings accounts charge no monthly maintenance fees if you can meet account requirements.<\/p>\n<\/li>\n<li>\n<p><strong>Minimum deposit.<\/strong> As with monthly fees, some banks require you to deposit a minimum amount of money when opening your account as a way for them to profit from fees if required balances aren&#8217;t met. The best high-yield savings accounts require no minimum balances to earn high rates of interest.<\/p>\n<\/li>\n<li>\n<p><strong>Variable APY. <\/strong>APYs can be fixed or variable, depending on the type of deposit account. Fixed rates don&#8217;t fluctuate when, say, the Fed rate changes, while variable APYs do. Confirm the type of rate for the account you&#8217;re interested in to understand whether the rate is fixed or variable.<\/p>\n<\/li>\n<li>\n<p><strong>Federal Reserve.<\/strong> The Federal Reserve \u2014 or Fed \u2014 is the central bank of the United States and the anchor of the financial system. Its Board of Governors is appointed by the president and confirmed by the Senate with the goals of maximizing employment, stabilizing prices and moderating long-term interest rates.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Dig deeper:<\/strong> Fixed vs. variable interest rates \u2014 how they work for borrowing and saving<\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"frequently-asked-questions-about-savings-accounts\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions_about_savings_accounts\"><\/span><strong>Frequently asked questions about savings accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Learn more about how savings accounts work when narrowing down the best for your budget, lifestyle and financial goals.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"what-is-compound-interest\"><span class=\"ez-toc-section\" id=\"What_is_compound_interest\"><\/span><strong>What is compound interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Compound interest is often described as earning interest on your interest. It\u2019s a powerful way to boost your savings over time by earning interest on both your initial deposit <em>and<\/em> any interest you earn along the way. An account&#8217;s APY is the total amount of interest you&#8217;ll earn on your deposit over one year, including compound interest, expressed as a percentage, with many HYSAs compounding daily or monthly.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"do-i-need-to-pay-taxes-on-a-savings-account\"><span class=\"ez-toc-section\" id=\"Do_I_need_to_pay_taxes_on_a_savings_account\"><\/span><strong>Do I need to pay taxes on a savings account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes. Interest you earn on your savings account is considered taxable income by the IRS. If you earn more than $10 in interest in a calendar year, your bank or financial institution will send you a Form 1099 to file with your annual tax return.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"which-is-best-fixed-rates-or-variable-rates\"><span class=\"ez-toc-section\" id=\"Which_is_best_fixed_rates_or_variable_rates\"><\/span>Which is best: fixed rates or variable rates?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There&#8217;s no best type of interest rate \u2014 rather, the difference is that fixed rates stay the same over time while variable rates can change based on market conditions. In many cases, the choice between fixed and variable rates will be a choice between products. Learn more about the difference between fixed and variable rates, and the ways they affect how you borrow and save money.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"how-do-banks-make-money-on-savings-accounts\"><span class=\"ez-toc-section\" id=\"How_do_banks_make_money_on_savings_accounts\"><\/span><strong>How do banks make money on savings accounts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Banks charge higher interest rates on money they lend out to borrowers than the interest they pay on customer deposit accounts. The difference is called a spread, and it\u2019s what banks rely on to make money.<\/p>\n<p>Online banks and digital accounts don&#8217;t require the overhead of brick-and-mortar branches, allowing them to pass along savings to you in the form of even higher APYs than you might find in your neighborhood.<\/p>\n<h3 class=\"caas-jump-link-heading\" id=\"is-my-money-safe-with-an-online-only-neobank-or-digital-account\"><span class=\"ez-toc-section\" id=\"Is_my_money_safe_with_an_online-only_neobank_or_digital_account\"><\/span><strong>Is my money safe with an online-only neobank or digital account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes. Neobanks are fintech \u2014 or financial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> \u2014 companies that partner with more recognizable FDIC-insured banks to offer deposit accounts protected by the government for up to $250,000. The FDIC insures the safety of your money, even if the neobank or fintech were to fail or go out of business. Look for terms like &#8220;member FDIC,&#8221; &#8220;FDIC insured&#8221; or &#8220;NCUA insured&#8221; when comparing your options. Learn more about how to confirm your bank is FDIC-insured.<\/p>\n<p><em>Editor&#8217;s note: Annual percentage yields shown are as of Thursday, October 3, 2024, at 8 a.m. ET. APYs and promotional rates for some products can vary by region and are subject to change.<\/em><\/p>\n<h2 class=\"caas-jump-link-heading\" id=\"sources\"><span class=\"ez-toc-section\" id=\"Sources\"><\/span><strong>Sources<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"caas-list caas-list-bullet\">\n<li>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:35;pos:1\" href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" data-ylk=\"slk:Consumer Price Index Summary;cpos:35;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">Consumer Price Index Summary<\/a>, U.S. Bureau of Labor and Statistics. Accessed September 12, 2024.<\/p>\n<\/li>\n<li>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:36;pos:1\" href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\" data-ylk=\"slk:Producer Price Index News Release summary;cpos:36;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">Producer Price Index News Release summary<\/a>, U.S. Bureau of Labor and Statistics. Accessed September 13, 2024.<\/p>\n<\/li>\n<li>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:37;pos:1\" href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" data-ylk=\"slk:Employment Situation Summary;cpos:37;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">Employment Situation Summary<\/a>, U.S. Bureau of Labor Statistics. Accessed September 9, 2024.<\/p>\n<\/li>\n<li>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:38;pos:1\" href=\"https:\/\/www.bls.gov\/ces\/notices\/2024\/2024-preliminary-benchmark-revision.htm\" data-ylk=\"slk:2024 Preliminary Benchmark Revision;cpos:38;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">2024 Preliminary Benchmark Revision<\/a>, U.S. Bureau of Labor and Statistics. Accessed August 5, 2024.<\/p>\n<\/li>\n<li>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" data-i13n=\"cpos:39;pos:1\" href=\"https:\/\/www.fdic.gov\/resources\/bankers\/national-rates\" data-ylk=\"slk:National Rates and Rate Caps;cpos:39;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link rapid-noclick-resp\">National Rates and Rate Caps<\/a>, FDIC. Accessed September 16, 2024.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.aol.com\/finance\/savings-interest-rates-today-make-your-money-work-harder-at-530-apy-amid-falling-rates--oct-3-2024-122009250.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rates are falling fast in the wake of the Federal Reserve&#8217;s lowering of interest rates on Sept. 18 \u2014 the first Fed rate cut in four years. Yet among your best ways to stay ahead of lower interest rates is by moving your money to a high-yield savings account positioned to pay out significantly more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":640389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/hWpeW7cJC_ONJrFGEM6Kfg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-08\/e17670b0-63b9-11ef-b7f7-a7335c87029d","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-640388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/640388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=640388"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/640388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/640389"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=640388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=640388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=640388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}