✉news BusinessPersonal Finance first seen 6 h ago, last 3 h ago, peak #37
Fed rate hike could boost high-yield savings returns
Original: The Fed's interest rate hike means your high-yield savings and money market accounts could see a boost
Following the Federal Reserve's latest interest rate hike, financial experts note that high-yield savings accounts and money market accounts may offer better returns to savers. Banks tend to raise deposit rates after Fed increases, meaning customers holding cash in these accounts could earn more interest in the coming weeks.
Why now: The Federal Reserve raised interest rates, and savers want to know how it affects their accounts.
Federal Reservehigh-yield savings accountsmoney market accounts
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