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Is 4.6% APY a normal rate that will probably be around another 5, 10 years from now? Or is it something new that has a likelihood to drop in the near future?
Is 4.6% APY a normal rate that will probably be around another 5, 10 years from now? Or is it something new that has a likelihood to drop in the near future? I'm talking about how a lot of banks are offering like ~5% savings accounts, and Treasury Bills having ~4.6% APY, and CD Savings with ~5% APY, et cetera. I've never participated in this stuff before, and barely understand it yet. But the thing is: I probably need to hold on to the Savings in my account for emergency funds, rather than lock them...
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