That rate is much higher than it was prior to the pandemic, but it’s far lower than what the best savings accounts pay. When shopping for a savings account, compare APYs, or annual high ...
The average savings account rate is a benchmark for the overall interest-rate environment, but it’s not a rate you should settle for. Rather, aim for an annual percentage yield (APY) many times ...
That all changed after the COVID-19 pandemic when you could finally park your cash in a high-yield savings account and earn a decent interest rate. Rather than being the exception, this was the ...