Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates ...

While Federal Reserve decisions can influence savings account rates, the impact varies significantly between banks and credit ...

Source: Curinos. Average APY accurate as of October 21, 2024. Savings accounts provided anemic yields following the Great Recession thanks to the Fed keeping borrowing costs low in order to cajole ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.