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[Savings Account Interest Rates Decline After Fed Rate Cuts; Poppy Bank Offers High-yield Alternative] Following Three Rate Cuts By The Federal Reserve In Late 2024, Savings Account Interest Rates Are Declining. The National Average Savings Account Rate Is Currently 0.41%, While Poppy Bank Offers A High-yield Savings Account At 4.50% APY With A Minimum Deposit Of $1,000. A $1,000 Deposit In The Average Saving Account Yields $4.11 Interest In One Year, While The Same Deposit In Poppy Bank Yields $40.81.
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