Here's why the interest rate on your high-yield savings account goes up and down.
Has the APY on your high-yield savings account recently gone down? Here's why this happens so you can decide if a savings account is still smart for your money.Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate as the Fed rate changes. CNBC will update as changes are made public.
A savings account's annual percentage yield, or APY, determines the amount of interest you earn in a year. This is an important number to look at when choosing a high-yield savings account. The higher the account's APY, the faster your savings will grow. Yet the percentage is always fluctuating. When the economy is facing a downturn, the Fed will sometimes lower interest rates to make it cheaper for consumers to borrow or invest their money. This encourages people to take out loans and spend more money, which, in theory, stimulates the economy. Large transactions, such as buying a home or taking out a business loan, become more affordable because interest rates are lower. Consumers will be more willing to spend and ultimately cash will flow back into the economy.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Banks Earnings Will Suffer Until 2025 Because Of Coronavirus, IMF SaysLow interest rates aren’t going away any time soon.
続きを読む »
Hungary central bank to leave rates steady after QE slashes long yields: Reuters pollThe National Bank of Hungary (NBH) will leave key interest rates unchanged next Tuesday, economists said in a Reuters poll, after government bond purchases launched this month sent longer yields plunging.
続きを読む »
Here's why a coronavirus vaccine might be ready early next year—and what could go wrongScientists still don't fully understand key aspects of the deadly virus, including how immune systems respond once a person is exposed.
続きを読む »
Why a coronavirus vaccine might be ready early next year — and what could go wrongScientists still don't fully understand key aspects of the deadly virus, including how immune systems respond once a person is exposed.
続きを読む »
13 Fascinating Things to Know About QueefingHere's why you shouldn't be ashamed of your queefs.
続きを読む »
No Stimulus Check Yet? 4 Million Americans Will Get Cash On Prepaid Debit CardsHere’s who can expect the cards, and why the IRS is sending them.
続きを読む »