The BestCashCow Savings Rate Index shows a 10 basis point drop over the past week. The impact of the Fed's rate cut is starting to be felt in high yield savings accounts. While the top rate remains 6.01% APY (this is a 3 month guaranteed promo rate) the second best rate fell from 6.00% APY to 5.6% APY as FNBO's savings promotion ended. Other banks in the Top 10 also dropped rates.
Last week's Index: 5.54
This week's Index: 5.44
The BestCashCow Savings Rate Index is an average of the top 10 rates on the BestCashCow Savings Rate Table. The index helps you track the direction of bank savings rates and compare them to previous periods. We'll be adding additional historical data shortly and updating it weekly.
To see all rates, please visit the BestCashCow Savings Rate Table.
Add your Comment
or use your BestCashCow account