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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]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] Marcus is lagging these days. DollarSavingsDirect is a legit FDIC online bank offering 3.5% on savings. Two year treasuries are at 4.5%. I'm winding down my Marcus account as neither their savings nor their CD rates are super competitive.[/quote]
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