Yielding Wealth | Personal Finance

Saving Money: E*Trade Bank to Increase APY on Savings Account

by miranda on May 7th, 2008

As I mentioned before, the string of interest rate cuts by the Federal Reserve has severely hit the annual percentage yield (APY) on my cash investments, including my high yield savings account.

So it’s rather refreshing that at least one bank is upping its APY, even if by a rather small amount. E*Trade Bank is increasing its APY on the high yield savings account. Does this mean that other banks (including mine, maybe) will follow suit?

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POSTED IN: Family finances, Interest rates, Investing, Personal Finance, Saving Money