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Banks React to Latest Fed Rate Drop

by Flexo on February 1, 2008

in Banking

Overnight, almost all banks offering online high-yield savings accounts dropped their interest rates in response to the Federal Reserve’s recent reduction of the short term target rate. Updated APYs are here.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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