Not all ‘high-yield’ savings accounts have kept up with rising interest rates, so it may be time to make a change

From Dow Jones & Company:

The Market is Shifting: Latest Trends and Strategies

As 2023 nears its end, forecasters are predicting the fate of the market in 2024. Impatient about your investment returns? Now might be the time to make changes in your investments. However, instead of the market, consider simple solutions like a savings account. The interest rate for savings accounts averages at 0.57%, while the federal funds target rate is 5.25-5.50%. Savers now have an opportunity to earn over 4.00% on their money. Exploit your savings properly to reap the benefits. Plan wisely, with an emergency fund and a long-term strategy.



Read more: Not all ‘high-yield’ savings accounts have kept up with rising interest rates, so it may be time to make a change