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federal funds rate

How the Federal Funds Rate Affects Savings Account Interest
Banking | Finances | Investing

How the Federal Funds Rate Affects Savings Account Interest

ByRichard Robbins August 2, 2019January 28, 2020

This morning I received an email from Wealthfront, where I opened a savings account to take advantage of their industry-leading (as far as my research showed) 2.57% interest rate, no fee savings account. The email stated that because of a recent change to the federal funds rate, they APY for my savings account (similar to…

Read More How the Federal Funds Rate Affects Savings Account InterestContinue

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