What to do with emergency savings if high-yield savings rate is low - Business Insider

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The Fed's interest rate cuts have sent APYs on high-yield savings accounts to new lows. So should you leave your money alone? Or move it elsewhere?

Let's explore each of those options to make sure you're getting the absolute most bang for your buck, even during these extremely uncertain times.I wish I could tell you that there's a high-yield savings account out there that hasn't been affected by the sliding markets, but that sadly isn't the case.

If you do decide to switch savings accounts, just remember to ask yourself how much energy you're comfortable expending on a constant search for the best possible rates.

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