The Hollow Promise of High Yield Savings Accounts The recent surge in high yield savings account rates has left many consumers eager to capitalize on what appears to be a lucrative opportunity.
However, beneath this trend lies a more complex reality. A Brief History of Savings Account Rates Savings account interest rates have fluctuated significantly over the past two decades.
During 2010 2015, rates were at rock bottom levels due in part to the Federal Reserve's decision to lower its target rate to near zero.