Interest rate cuts look likely this September. But will a high-yield savings account be worth opening before then?

For example, Punjab National Bank is paying among the lowest returns, with its savings account offering 0.75pc. A saver with £50,000 in this account will earn around £376.29 a year in interest.

SoFi’s HYSA features up to 4.5% APY, which is higher than many other high-yield accounts. It’s also about 10 times higher than the national savings account rate.

Individual Development Accounts (IDAs) may be the best resource for low-income Americans that you have never heard of. They are matching savings accounts that are targeted to promote savings in ...

While the answer to this question can vary depending on the individual saver, there's a compelling argument to be made supporting CDs over savings accounts going into 2025. Below, we'll explain why.