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Best high-yield savings interest rates today, June 17, 2025 (Earn up to 4.3% APY)

Best high-yield savings interest rates today, June 17, 2025 (Earn up to 4.3% APY)

Yahoo6 days ago

The Federal Reserve reduced its target interest rate three times in 2024. As a result, high-yield savings account rates have been falling. That said, some of the best accounts still pay above 4% APY. In order to get the highest interest rate possible on your savings, it's important to do your research and find competitive offers. Not sure where to start? Here's a closer look at savings interest rates today and where you can find the best ones.
The average interest rate on a traditional savings account is only 0.42%, according to the FDIC. However, the best savings rates can be found on high-yield accounts, which often pay much more.
As of June 10, 2025, the highest savings account rate available from our partners is 4.3% APY. This rate is offered by EverBank with no minimum opening deposit required. Openbank also offers a savings acount rate of 4.3% APY, but requires a minimum opening deposit of $500.
Here is a look at some of the best savings rates available today from our verified partners:
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Over the last decade, savings account interest rates have fluctuated quite a bit. From 2010 to about 2015, rates were rock-bottom, hovering at around 0.06% to 0.10%. This was largely due to the 2008 financial crisis​ and the Federal Reserve's decision to lower its target rate to near zero in order to spur economic growth.
From 2015 to 2018, interest rates began to increase gradually. However, they remained low by historical standards. Then the onset of the COVID-19 pandemic in 2020 led to another sharp decrease in rates as the Fed once again cut rates to stimulate the economy. This brought average savings interest rates down to new lows, around 0.05% to 0.06% by mid-2021​.
Since then, savings account rates have recovered considerably, largely driven by the Fed's interest rate hikes in response to skyrocketing inflation. However, the Fed finally lowered the federal funds rate in September, November, and December 2024, and as a result, deposit rates are beginning to fall as well.
The following is a look at how savings interest rates have changed over the past decade:
Despite the fact that interest rates have risen substantially since 2021, the average savings account rate is still fairly low, especially compared to market investments. If you're saving for a long-term goal such as a child's education or retirement, a savings account probably won't generate the returns needed to reach your goal.
On the other hand, if you're saving for an emergency fund, home down payment, vacation, or other short-term goal, a high-yield savings account is ideal — especially if you want to access the funds as needed. Other types of deposit accounts, including money markets and CDs, may offer similar or even better rates, but restrict how often you can make withdrawals. The key is to shop around and find an account that provides a competitive rate with low or no fees.
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American Manufacturing Revival & The Skills Gap
American Manufacturing Revival & The Skills Gap

Forbes

time7 minutes ago

  • Forbes

American Manufacturing Revival & The Skills Gap

Addressing the skills gap A few weeks ago, I had the honor of welcoming supply chain and manufacturing leaders to the inaugural U.S. Manufacturing and Revitalization Summit. This gathering underscored a pivotal moment in American industry—a manufacturing resurgence fueled by strategic investments and reshoring efforts. While this is certainly driven by legislation like the CHIPS and Science Act and the Inflation Reduction Act, tariffs are clearly having an impact here. According to the 10th Annual State of Manufacturing and Supply Chain Report, the vast majority of manufacturing and supply chain leaders consider onshoring critical to their overall supply chain strategy. Onshoring strategy Prior to the new U.S. Administration, the same leaders were incresaingly concerned about global trade tensions and tariffs. Growing global business uncertainty Investments in U.S. Manufacturing Despite these concerns, recent years have seen a dramatic uptick in U.S. manufacturing activity. 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Side Hustle Or Salary Bump? How Gen Z And Millennials Are Doubling Their Income In 2025
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Forbes

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Side Hustle Or Salary Bump? How Gen Z And Millennials Are Doubling Their Income In 2025

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A lot of organizations right now are looking at implementing systems that do what AI does best, which is collect data, collect information and consolidate. That can be really amazing for leaders to be able to step out of management activities and lean more into leadership. The big question is, what are you going to do with that time saved? What we're concerned about is, 'It helped me write this email faster. I'm going to just write more emails.' There's a real opportunity to use that time to be able to have more human connections, and be more present with your people. AI can help with that, too. For a performance review, there's some amazing AI tools. You can say, 'Here's some of the things that I know about [an employee]. Here's what I need to talk to her about. What would be a good way to approach this conversation, because I think it's going to be a little bit challenging.' AI can consolidate that information. But the key thing is to be able to make sure that I'm really focusing on you and having that really personalized experience using the technology, and leveraging it to be able to be more human. We've also seen amazing tools that can identify sentiment analysis, help a leader to be able to understand: I sent out a message about a major communication last week. What's the sentiment in the organization? That's data that we would never be able to have. That's what AI does well, and it can be gold for leaders. The final thing that we see is that it can be a great coach. A lot of leaders that we work with are creating their own AI avatars where they share a lot of personal information about themselves. But then they can have a coach in the pocket. It can be like, 'I'm about to have a conversation with [an employee]. Based on what you know about me, what do you think could be some of the blind spots?' From your perspective, what would the ideal AI-augmented leadership look like? There's three core qualities of effective leadership. The first one is awareness: being aware of what's going on inside and outside. Wisdom: the ability to be able to make good decisions and discern. And finally, the ability to bring compassion to the table: Being able to do hard things, but do them in a human way. There [are] key ways that we can enhance our awareness, our wisdom, our compassion. From an awareness perspective, we know that human beings are amazing at context. Who am I talking to? Why is this important? Do I care? Should I care? Am I tired? Should I not have this conversation if I haven't had enough sleep? This is context. AI is amazing at content. That's a real way to be able to move from my limited awareness to be able to leverage AI, which has amazing content to be able to help me in terms of enhancing my awareness. Content would be, 'Hey, that email that you sent out last week about the organizational change, people don't like it.' That's adding to my awareness. On the wisdom side, human beings are amazing at being curious and asking questions. AI is amazing at giving answers. That interplay, and then questioning the answers is a great way to play with the tool. It actually enhances our ability to make good decisions. If you ask questions like, 'What am I not thinking?' or 'What's a really bad way to go about what I'm about to do?', this is a way to expand our wisdom. On the compassion side, because AI systems are designed to embed human empathy, human intelligence and models of good leadership, we can use those algorithms to be able to bring our human heart to the table. I want to be able to support my team in feeling more connected. Use those algorithms. Those algorithms can really help you to be able to enhance it. The augmented leader of the future—which is really now—is a both/and leader. 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Then start playing around. Start experimenting with the tools, because the tools are fun to play with. Make it an adventure. And really challenge yourself to be creative about how you start to leverage the tools. If you're asking questions and it's giving answers that you think are not very helpful, there's two things that I would say to that. The first is that the AI that you're using today is already the worst AI that you'll ever use. A lot of times when we don't get good answers, it's because we're not asking good questions. If you're asking a simple question—draft an email for me—and you're not providing context [or] saying what you want, the outcomes, how do I want [the recipient] to feel, you are not providing enough context to be able to then get good content. If you get a bad answer, challenge yourself to be able to provide more context, ask better questions, bring more heart to the table. 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