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Apy

All articles tagged with #apy

personal-finance23 days ago•27 min saved

Five Banks Pay 4%+ APY on Savings—And Here’s How to Grab It

MarketWatch notes that only about 7% of Americans earn 4% APY or more on savings, yet several banks currently offer 4%+ APYs. It lists five options—Axos Bank Axos ONE Savings (4.21% APY, $1,500 min), Openbank by Santander (4.20%, $500 min), LendingClub Level Up Savings (4.00%, $250+ monthly deposits), Bread Savings High-Yield Savings (4.00%, $100 min), and VIO Bank (4.02%, $100 min). The piece advises shoppers to compare rates and consider CDs for fixed returns, highlighting the large gap between traditional banks and high-yield digital accounts.

via MarketWatch|

#apy #banking #high-yield-savings

finance4 months ago•4 min saved

Top CD Strategies Before the Fed Rate Cut

With the Federal Reserve expected to cut rates next week, now is a good time to lock in high-yield CDs, such as OMB Bank's 4.36% APY for a 3-month term, to secure a guaranteed return before rates fall further.

via CNBC|

#apy #cd-rates #fed-rate-cut

finance9 months ago•9 min saved

Top Savings and CD Rates to Watch in June 2025

Despite a slight decrease in average CD yields to 1.75%, some banks and credit unions are offering very high APYs, with California Coast Credit Union providing up to 9.5% APY on a 5-month certificate, though with deposit and membership restrictions. The Federal Reserve's hold on interest rates suggests CD yields will remain stable for now, making locking in high rates a prudent choice for low-risk investors. The article details the top CD rates available in June 2025, including accessible options with lower minimum deposits and broader eligibility.

via MarketWatch|

#apy #cd-rates #finance

finance1 year ago•3 min saved

Maximize Your Savings with Top Interest Rates Today, Dec. 11, 2024

As the Federal Reserve cuts interest rates, money market accounts (MMAs) remain an attractive option for savers seeking competitive returns. While the national average for MMAs is 0.64% APY, top accounts offer rates above 4%, with some reaching up to 5.00% APY. These accounts provide liquidity and safety, often including check-writing and debit card access, making them suitable for short-term savings goals. With further rate cuts expected, now may be a good time to capitalize on current high rates.

via Yahoo Finance|

#apy #federal-reserve #finance

finance1 year ago•2 min saved

Money Market Accounts Offer Consistent 5.00% APY in December 2024

Money market account (MMA) rates have been affected by recent Federal Reserve rate cuts, with the national average at 0.60% APY. However, some accounts still offer high rates, such as Zynlo's 5.00% APY. With rates potentially declining further, it's advisable to compare and consider opening an MMA now to maximize earnings. The interest earned depends on the APY and compounding frequency, with higher deposits yielding more interest.

via Yahoo Finance|

#apy #federal-reserve #finance

finance1 year ago•10 min saved

"Maximize Your Savings: Top CD Rates Comparison - April 17, 2024"

Today's certificates of deposit offer higher rates than the FDIC national average, with some digital banks and online accounts offering over 5.05% APY on terms of 10 months or longer. The Federal Reserve's recent decision to maintain the federal funds target interest rate has left uncertainty about potential rate cuts, as inflation remains a concern. CD rates are influenced by the Federal Reserve's key interest rate, and the latest data shows steady or increasing rates on most terms. CDs offer guaranteed returns and higher rates than traditional accounts, but come with penalties for early withdrawals. Alternatives include high-yield savings accounts, money market accounts, and bonds.

via AOL|

#apy #cd-rates #fdic

finance2 years ago•5 min saved

"Maximizing CD Yields: March 2024 Rates Revealed"

Short-term certificates of deposit (CDs) are currently offering excellent rates, with some institutions offering up to 5.75% APY for terms ranging from 3 months to 1 year. This presents a smart opportunity for savers to lock in high annual percentage yields and make their money work harder for them in today's high-rate environment, providing flexibility and potential for high returns. It's important to consider the minimum deposit requirements, early withdrawal penalties, and other fees to ensure that the chosen CD aligns with one's financial goals and budget.

via CBS News|

#apy #finance #high-rate-environment

finance2 years ago•6 min saved

"Maximizing Returns: Navigating CD and Treasury Yields in 2024"

Certificates of deposit (CDs) and Treasury bills offer high annual percentage yields (APYs) of 5.00% or better, making them excellent options to maximize savings. Treasury bills are backed by the U.S. government and offer higher APYs than many other savings options, while CDs are backed by FDIC insurance and offer fixed interest rates. Both are taxable as income, but CDs are subject to federal, state, and local taxes, while T-bills are only subject to federal income taxes. The choice between the two depends on factors such as investment amount, time horizon, and liquidity needs.

via Yahoo Finance|

#apy #cds #finance

finance2 years ago•4 min saved

"Maximizing Returns: Top CD Rates for February 2024"

The Federal Reserve's pause on rate hikes has led to banks and financial institutions offering high annual percentage yields (APYs) on certificates of deposit (CDs), particularly for 1-year CDs. Some of the best 1-year CD rates for February 2024 include Resource One Credit Union at 6.17% APY, Lafayette Federal Credit Union at 5.56% APY, and Salem Five at 5.55% APY. Locking in a 1-year CD now could provide some of the best rates available on interest-bearing accounts and guarantee returns for the full CD term.

via CBS News|

#apy #cd-rates #finance

finance2 years ago•5 min saved

"Comparing High-Yield Savings and Money Market Rates for February 2024"

High-yield savings accounts are offering competitive rates up to 5.50% APY, making them an attractive option for savers seeking liquidity and high earning potential. With options like Milli Bank, Brio Direct, Tab Bank, UFB Direct, and Popular Direct offering some of the best rates, individuals can benefit from flexible account terms and minimal fees. Compared to regular savings accounts with an average APY of 0.47%, high-yield savings accounts provide a better opportunity to grow savings, but it's important for savers to consider their specific financial goals and needs when choosing the right account.

via CBS News|

#apy #finance #financial-planning

finance2 years ago•9 min saved

"January 2024: Seize High CD Rates and Understand Tax Implications Before Jan. 31"

As of January 2024, certificates of deposit (CDs) are offering significantly high annual percentage yields (APYs), with the best rate at 6.5% from Financial Partners Credit Union. This surge in CD rates is a result of consecutive interest rate hikes by the Federal Reserve since 2022. Experts advise consumers to consider federally insured CDs and to be aware of potential restrictions and penalties for early withdrawal. The top CDs come with various membership or regional requirements, but there are also accessible options with competitive rates for those without specific affiliations.

via MarketWatch|

##apy #banking

personal-finance2 years ago•5 min saved

Comparing CD Rates: High APYs and Short vs. Long-term Options

Several certificates of deposit (CDs) are currently offering annual percentage yields (APYs) of 6% or higher, but it's important to consider the fine print and eligibility requirements before investing. Many high-paying CDs are offered by credit unions with membership requirements, and some have short durations that may affect the actual earnings. Potential investors should carefully review the terms, early withdrawal penalties, and payment schedule. Additionally, it's crucial to assess whether a CD aligns with one's overall financial plan and to determine eligibility for membership. Experts advise considering the context of broader financial goals and the possibility of declining interest rates in the future.

via MarketWatch|

#apy #cds #certificates-of-deposit

personal-finance2 years ago•7 min saved

"December 2023's Highest-Paying CDs: Up to 6.5% APY and Where to Find Them"

Certificates of deposit (CDs) are offering high rates of return, with at least 8 CDs currently paying 6% or higher annual percentage yield (APY). The rise in rates can be attributed to high inflation and actions taken by the Federal Reserve to curb consumer prices. Financial institutions are seeking to attract savings as individuals become more aware of the opportunity for higher yields. However, it is important to read the fine print before opening an account, as early withdrawal penalties may apply. For those looking for liquidity, high-yield savings accounts and money market accounts are alternative options. Here are some of the best CD rates for December 2023, including Financial Partners Credit Union (6.50% APY), Bayer Heritage Federal Credit Union (6.18% APY), Northeastern Connecticut Healthcare Credit Union (6.17% APY), Empower Federal Credit Union (6.00% APY), and Travis Credit Union (6.00% APY).

via MarketWatch|

#apy #cds #financial-institutions

personal-finance2 years ago•4 min saved

"Discover the Best High-Yield Savings Accounts with Rates Over 5%"

Several savings accounts are currently offering APYs of 5% or more, providing an opportunity for individuals to maximize their money's growth. These accounts have low or no fees and simple requirements, making them accessible to a wide range of savers. Some of the top options include Popular Direct, My Banking Direct, BrioDirect, North American Savings Bank, Tab Bank, UFB Direct, Bread Savings, and FNBO Direct. It's important to research and choose an account that aligns with your savings goals and financial situation.

via CBS News|

#apy #financial-planning #high-yield

finance2 years ago•6 min saved

CD Rates: November 2023's Lucrative Offers and Future Predictions

Savings rates for certificates of deposit (CDs) remain high in November 2023, with some offers delivering an annual percentage yield (APY) of at least 6%. Smaller and online-only banks and credit unions are offering promotional rates well above the national average to attract customers. Potential depositors should read the fine print to ensure the offers live up to their promises, as CDs often come with early withdrawal penalties. Here are 10 of the highest-paying CDs in November 2023, including Truliant Federal Credit Union with a 6.25% APY and My eBanc with a 5.77% APY.

via MarketWatch|

#apy #banking #cd-rates