The Federal Reserve's recent interest rate cut has led to a decrease in high-yield savings account rates, but there are still several options available with attractive annual percentage yields (APYs). According to CNET Money, experts expect the Fed to cut rates at least once more before the end of the year, making it essential to take advantage of these higher APYs while you can. If you're considering opening a high-yield savings account, now is the time to do so. By comparing rates and choosing an account with a competitive APY, you can grow your emergency fund or start a sinking fund.

Source: https://www.cnet.com/personal-finance/banking/todays-best-savings-rates-oct-23-2024/#ftag=CAD590a51e