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High yield savings account

How would interest rate cuts affect your high-yield savings account?

by Samantha Fields
Apr 2, 2024
With the Federal Reserve signaling it plans to cut rates up to three times this year, interest payments, and interest charges, are likely to drop.
While there are upsides for consumers when interest rates come down, high-yield savings accounts will likely offer lower rates too. Above, Federal Reserve Chair Jerome Powell.
Chip Somodevilla/Getty Images
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