Fed Rate Cut: How It Impacts Your Savings

Fed Expected to Cut Rates: What It Means for Your SavingsThe Federal Reserve is set to announce a quarter-point rate cut, which may slightly lower your savings account APY. Banks often adjust their yields in response to Fed decisions. Despite the expected dip, top high-yield savings accounts could still offer rates in the upper three percent to mid-four percent range. Its a good time to compare your current rate with top accounts to ensure your savings are working as hard as they could be.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.