The Best High-Yield Savings Accounts for 2020
By Fernando Garcia
In March 2020, the Fed announced a second round of rate cuts to the federal interest rate in response to the ongoing COVID-19 crisis.
While this is a bit of good news for anyone shopping around for a loan, it’s less than ideal for savers.
If you have concerns about how this might impact the interest rate on your savings account, you may be interested in looking for a high-yield savings account to offset the current rate cut.