What are today's savings interest rates? - CBS News

No matter where you are in your financial journey, a savings account is a must. Not only is it a wise financial move, but you owe it to yourself to maximize your … See more


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How Much Will A $10,000 CD Earn At Today's Lower Rates? - CBS News

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Jan 3, 2025  · With inflation high and interest rates elevated in an attempt to tame it, rates on savings vehicles like CDs surged. While rates barely broke the 1% mark in 2020 and 2021, …

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Which CD Account Should You Open Now That The Fed's Cut

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Dec 18, 2024  · And considering that CD rates were barely above 1% in 2020 or 2021, locking in today's still attractive rates for the long term can be beneficial for a wide swath of savers. Get …

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15 Savings Account Rates That Far Outpace Inflation This May

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May 8, 2024  · Bread Savings: At 5.15% APY, the rate on this account outpaces the current inflation rate by 1.65%. There is a $100 minimum opening deposit required to open this …

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What's The CD Interest Rate Forecast For 2025? - CBS News

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10 hours ago  · The economy continues to remain strong, with unemployment holding steady at 4.1% in December. However, at 2.7%, inflation was up slightly as of the latest reading. As a …

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What's A Good CD Interest Rate In 2025? - CBS News

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5 days ago  · While rates on traditional savings accounts are just 0.42% now, you may be able to get a high-yield savings account rate of up to 4.75%. That's 1,030% better simply by moving …

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Inflation Is Up. Here's What Savers Should Do Now. - CBS News

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Jan 12, 2024  · This is great news for savers, who can currently get rates as high as 5.25% on high-yield savings accounts. "Today's inflation number confirms that short-term rates will likely …

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Is A 2-year CD Still Worth Opening? - CBS News

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6 days ago  · The average savings rate on a traditional savings account is a paltry 0.42% now. That's not even 50 cents earned for every $100 deposited. That's not even 50 cents earned for …

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Savings Account Interest Rate Forecast: What Experts Predict

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Sep 13, 2023  · Interest rates on high-yield savings accounts have been high. But could they go higher? ... 2023 / 10:25 AM EDT / CBS News ... How much will a $10,000 CD earn at today's …

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3 Smart Moves For Savers Today, According To Experts - CBS News

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Jun 15, 2023  · For the best high-yield savings rates, look for online banks offering yields of at least 4% — though you can find accounts today with up to 5% APY. Don't forget to look …

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Top Savings Rates Remain Over 4% APY, But Not Forever. Today's …

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3 days ago  · If the rate stays the same for the next three months, you'll earn $5.17 in interest. If you find a bank with a 4.4% APY and make the same deposit, you'll earn $5.41 -- a 24-cent …

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Best Savings Interest Rates Today, January 8, 2025 (top Rate At …

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5 days ago  · For example, the average savings account rate is just 0.42%, while the best savings interest rates are generally around 4.0% to 4.5% APY. As of January 8, 2025, the highest …

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The Fed Plan To Cut Rates Again. What Should Savers Do

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Dec 10, 2024  · Rates for the best high-yield savings accounts still top 4%, even after a drop in rates. Keep in mind that high-yield savings accounts have variable interest rates, meaning the …

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Best Savings Rates Today – With Rate Cuts On The Table, Now's

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Aug 6, 2024  · The Fed chose to hold interest rates steady at last week’s meeting, but banks continue to quietly cut APYs. Today’s top HYSAs offer APYs up to 5.35%, but that’s down …

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High-Yield Savings Account Rates Today: January 8, 2025 - Forbes

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6 days ago  · On high-yield accounts requiring a minimum deposit of $10,000, today’s best interest rate is 6.35%. That’s down from 6.82% one week ago. The average APY for those accounts is …

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Savings Interest Rates Today: Need A Smarter Place To Park Your

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10 hours ago  · High-yield savings rates for January 13, 2025. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.50% APY with no …

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Why HELOCs Are Cheaper Than Home Equity Loans Now - CBS News

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As of January 6, 2025, the average HELOC rate is 8.36% nationwide, while the average home equity loan rate is 8.41%, with 10-year fixed home equity loan terms averaging 8.55% and 15 …

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What's A Good Home Equity Loan Interest Rate In 2025? - CBS News

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4 days ago  · An optimal home equity loan interest rate is anything that can be locked in under today's averages. So consider a rate under 8.55% for a 10-year loan or 8.49% for a 15-year …

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Best Savings Rates Today – Time's Running Out On High APYs

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Oct 14, 2024  · Best Savings Rates Today, Oct. 14, 2024: Now's the Time to Earn up to 5.30% APY

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FAQs about What are today's savings interest rates? - CBS News Coupon?

How much interest can you earn on a savings account?

How much interest you can earn, however, depends on where savings rates currently stand. What are today's savings interest rates? The national average savings account interest rate is 0.42% as of December 31, 2024, according to the latest numbers available from the FDIC. ...

What is the average interest rate for a savings account?

The national average savings account interest rate is 0.42% as of December 31, 2024, according to the latest numbers available from the FDIC. You can earn exponentially more than that by opening a high-yield savings account, however. Bankrate reports that top high-yield savings account rates for December 2023 are between 3.80% and 4.75%. ...

Which savings account rates outpace the current inflation rate?

Explore today's top savings account rates online here. If you're trying to earn hefty return on your savings, the following accounts are offering annual percentage yields (APYs) that far outpace today's inflation rate: My Banking Direct: At 5.55% APY, the rate on this account outpaces the current inflation rate by 2.05%. ...

Why have bank account interest rates increased?

Bank account interest rates have increased due largely to the Federal Reserve's rate hikes to fight inflation since last year. Now, many financial institutions offer attractive savings account rates, particularly for high-yield savings accounts. ...

Can you earn more from your savings account when interest rates are high?

You can earn more from your savings account when interest rates are high. It's a good time to take advantage by finding savings accounts and certificates of deposit with the highest annual percentage yields. ...

Why are interest rates so high?

The good news is that there are lots of ways to do that right now, as interest rates are high across the board. That means that the rates tied to deposit accounts, like certificates of deposit (CDs) and high-yield savings accounts, are also elevated. ...

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