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.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

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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