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Heart sinking after seeing your savings account rate drop again? Here are 3 things to keep in mind during rate declines.

By Business Insider   |   1 year ago
Heart sinking after seeing your savings account rate drop again? Here are 3 things to keep in mind during rate declines.

Interest rates for savings accounts have been decreasing due to Federal Reserve cuts. Despite the drop from 5% to 4% APY, it is still a good rate historically. Consider other accounts like retirement or brokerage for higher yields.

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