What are the current savings account interest rates?
The current average savings account interest rate is around 0.05% to 0.10%, but it can vary by bank.
Which banks offer the highest interest rates for savings accounts?
Some of the banks with the highest rates include Ally Bank, Marcus by Goldman Sachs, and American Express Bank.
Are there any fees associated with high-interest savings accounts?
Yes, some high-interest savings accounts may have monthly maintenance fees, but many waive them if you meet certain criteria.
How often are interest rates on savings accounts updated?
Interest rates on savings accounts can be updated frequently, often in response to changes in the federal funds rate.
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