The Fed Cut Rates 3 Times—So Why Are Some Savings Accounts Still Paying 5%?
Key Takeaways
- The top savings rate is still 5.00% even after three Fed cuts, but most other high-yield savings rates have slipped.
- Of the two accounts that pay 5.00%, both cap that rate at $5,000 while requiring conditions that limit who can benefit.
- No-strings savings accounts pay as much as 4.60%,
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