Current Savings Account Rates (Week Of October 16th, 2023)

During the week starting on October 16th and ending on October 20th, the highest APY for high-yield savings accounts decreased from 5.90% to 5.4%, while the highest APY for money market accounts increased from 5.02% to 5.46%. These fluctuations in interest rates are often influenced by various economic factors, including the federal funds rate set by the Federal Reserve. We continue to monitor the current state of account rates, comparing them to the national average and assessing future expectations.