The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
@TheBadPlace@mastodon.ozioso.online
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1d ago
US Top News and Analysis | Savings rates drop even without Fed cuts. Here’s where you can still earn 4% on your cash
AI generated summary, Read the full article for complete information.
Savings rates are slipping even though the Federal Reserve kept its benchmark rate steady at 3.5%‑3.75% in its latest meeting, prompting several major banks—Capital One, Synchrony, Marcus by Goldman Sachs and Ally—to cut the APYs on their high‑yield savings accounts. Meanwhile, Bread Financial and LendingClub are still offering around 4% but are expected to trim rates soon, as they sit well above the peer median. Online banks continue to outpace traditional institutions, with 12‑month CDs from Marcus yielding 4% and shorter‑term CDs from Bread Financial and LendingClub offering 4.15%; longer‑term CDs from American Express and Sallie Mae reach 4% as well. Building a CD ladder across varying maturities can provide flexibility and higher yields, while money‑market funds remain just under 4% (the Crane 100’s 7‑day yield was 3.47% on Tuesday).
Read more: https://www.cnbc.com/2026/04/29/savings-rates-drop-even-without-fed-cuts-heres-where-you-can-still-earn-4percent-on-your-cash.html
#FederalReserve #VincentCaintic #CapitalOne #Synchrony #GoldmanSachs #AllyFinancial #BTIG #BreadFinancial #LendingClub #AmericanExpress #
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