You shouldn't expect high-yield savings account interest rates to drop anytime soon.
High-yield savings accounts are a great choiceDespite the fact that APYs will likely fall eventually, high-yield savings accounts can still be a really good place to put your money.
"By its nature a high-yield savings account will still provide more interest than an ordinary savings account at a major bank," Herzog says.
In fact, now may be the time to take advantage and put funds into a high-yield savings account if you haven't already.
"If we see more talk of interest rates slowly declining, I think there will be more interest in longer-term securities or options to lock in those interest rates," Valega says.
Persons:
—, you'll, we're, Andrew Herzog, Herzog, Catherine Valega, It's, Valega, it's
Organizations:
Service, Federal Reserve, Fed, Green Bee