Savings Rates Decline Following Federal Reserve Cuts
High-yield savings accounts offer rates around 4% APY as deposit rates fall after Federal Reserve rate cuts in late 2024 and 2025. SoFi currently provides a 4% APY rate.
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Latest reporting and analysis tagged with savings rates.
High-yield savings accounts offer rates around 4% APY as deposit rates fall after Federal Reserve rate cuts in late 2024 and 2025. SoFi currently provides a 4% APY rate.
A recent evaluation of 6-month certificates of deposit highlights competitive rates from banks like Marcus by Goldman Sachs and Bread Savings at 4.05% APY, with details on minimum deposits and early withdrawal penalties.