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The Federal Reserve just raised interest rates again — here's why your savings account's APY may increase
On Wednesday, the Federal Reserve announced a new hike of interest rates for the fourth time this year, this time at 75 basis points (0.75%). The recent interest rate hikes have been part of the ...
CNBC10d
Understanding the federal funds rate: What it is and how it affects your wallet
The Federal Reserve sets the federal funds target ... For example, the Western Alliance Bank High-Yield Savings Account, CNBC Select's choice for earning a high APY, offers 4.30% APY.