Bank of America Savings Account Interest Rates (November 2024)

Bank of America offers tiered interest rates, saving the highest rates for Preferred rewards members with a linked checking account and certain balances.

The Fed rate cut: What it means for bank accounts, CDs, loans, and credit cards

This is the economic U-turn we've been waiting for. The Federal Reserve announced a massive half-point cut in short-term interest rates on Wednesday. ; It's been a long time coming. ; After inflation peaked at 9.1% in June 2022, the Fed worked to tame consumer prices with 11 interest rate hikes over the ensuing months. Then, rates remained unchanged beginning in August 2023. ; With inflation at 2.5% in August — tantalizingly close to the 2% target — Fed officials felt the time was finally right to steer interest rates lower.

What Is a Good Interest Rate on a Savings Account? | Banking Advice | U.S. News

average interest rate for a savings account in the U.S. stood... high-yield savings account at an online-only bank. Because... below the rate of inflation, which means you're losing...

Chase Bank Savings Account Interest Rates 2024

The Chase Bank savings interest rate is below average. However, the bank offers other savings account perks for its customers, including the ability to automate savings.

Bank of America Savings Account Interest Rates: November 2024

How do Bank of America savings account interest rates compare to the best interest rates offered by online banks? Learn more about Bank of America savings account rates and other alternatives.

Average Bank Account Interest Rates

Get up to speed with the average interest rates offered by bank accounts in 2024. Our guide helps you make informed decisions for your financial growth.

High-Yield Checking Account vs. High-Yield Savings: Which Is Best for You?

Vault’s Viewpoint ; High-yield checking and savings accounts offer higher-than-average interest yields. ; Annual percentage yields (APYs) vary but currently range from 3% to 5%. ; Both account types can be beneficial, but high-yield savings accounts are easier to find and generally make it easier to earn the highest APY.

Understanding Average Savings Account Interest Rates

Discover current average interest rates on savings accounts, and current rates for different types of savings accounts at banks and credit unions.

PNC Savings Account Interest Rates for September 2024

Learn about PNC Bank savings account interest rates and discover the convenience of opening accounts online.

Now that interest rates for savings accounts are falling, where should you put your money?

Last week, UOB and Standard Chartered Bank cut the bonus interest rates on their flagship savings accounts. Will other banks follow suit?