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[Savings Account Rates After Federal Reserve Rate Cuts] Following Three Federal Reserve Rate Cuts In Late 2024, The National Average Savings Account Rate Is 0.41%, According To The FDIC. However, Some High-yield Savings Accounts, Such As Poppy Bank, Are Currently Offering Up To 4.50% APY With A Minimum Deposit Of $1,000. A $1,000 Deposit In An Account With A 4% APY Would Yield $40.81 In Interest After One Year.

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