Here's exactly why the interest rate on your high-yield savings account keeps falling - Business Insider

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Your rate isn't the only one falling right now

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.The Federal Reserve has lowered the federal funds rate, so high-yield savings account rates are going down, too.

When the Federal Reserve increases rates down the road, your high-yield savings account rate should go up, too.If you have a high-yield savings account, you may have noticed your APR has decreased since you set up the account.

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You're kidding. What about those of us who have ISA's and Pensions? My isa has dropped from £15k to £9k in a month. That's my future!

Increasimg rates will NEVER happen.

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