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Local savers benefit as online banks offer competitive 4% interest amid federal rate cuts
As the Federal Reserve cuts interest rates, Americans find big purchases more affordable but face dwindling returns on savings. With average savings interest at 0.62%, savvy savers turn to online banks offering up to 4%.
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As the Federal Reserve cuts interest rates, Americans find big purchases more affordable but face dwindling returns on savings. With average savings interest at 0.62%, savvy savers turn to online banks offering up to 4%.
Reporter : John MataresePosted 2025-10-21T00:16:32-0400 - Updated 2025-10-21T00:18:06-0400
