With high interest rates and the potential to earn more, now is a great time to open a high-yield savings account.
. That means that it will change on a daily basis and the account won't be locked in with the same earning potential that aAnd with another Fed meeting on the calendar for October 31 and November 1, another interest rate hike is possible, if not likely. So by opening a high-yield savings account at the beginning of the month, you'll be best positioned to earn that elevated rate now and the potentially even higher one after the Fed makes its rate announcement on November 1.
October 2023 is a great time to boost your earning potential. By opening a high-yield savings account now, not only will you immediately start earning more money, but you'll also be best positioned to earn at an even higher rate if the Fed moves rates upward in the weeks and months to come.
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