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Reply to "How fast might high yield savings rate go up after fed rate hike?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Who knows? And why does it matter? Open your account and your rate will float up with the market. I will tell you anecdotally that our Marcus account has had five rate increases since mid-August and seven since July 1 (1.20% to 2.50% now)[/quote] Well thanks - I am not financialy savvy, I thought that our rate is set when we open the account, but it will be a variable rate?[/quote] it changes as interest rates goes up/down. ally is 2.35% right now, certain capone accounts offer 3%. i moved money from ally to capone this morning[/quote]
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