Today's High-Yield Savings Rates for August 7, 2025
Traditional savings accounts work the same as HYSAs. However, unlike high-yield accounts that are often found online with no brick-and-mortar branches, traditional savings accounts are usually held at banks that have physical branches.
In some cases, you can get above-average yields with more traditional accounts held at local credit unions and community banks with physical locations, but often the best savings rates are found with online-only accounts.
Traditional savings accounts might have transaction limits, deposit requirements and tiered rates based on your balance. HYSA dependency on Fed rate
The Federal Reserve meets eight times a year to announce its benchmark federal-funds rate (sometimes called the Fed rate). This is the rate banks charge each other for short-term lending. High-yield savings accounts are highly dependent on the Fed rate.
When the target rate rises, savings yields generally rise as well. For savers, this can mean higher returns for letting their money sit at a bank or credit union. On the other hand, when the Fed cuts its benchmark rate, yields tend to fall.
Savings yields can fluctuate regularly, but they are most likely to significantly change when the Federal Reserve announces a cut or increase of its benchmark rate.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Bank of America shares an eye-popping chart showing a potential stock-market bubble: 'It better be different this time'
AI optimism is driving the S&P 500 price-to-book ratio to records, surpassing dot-com levels. High valuations reflect expectations for AI-driven earnings. While the ratio's level is head-turning, it doesn't necessitate that stocks are in a bubble. Stock-market bulls convinced of the power of AI to transform the economy often shrug off comparisons to the dot-com bubble a quarter century ago. The real profits are already showing up, unlike in the early days of the internet boom — so it is different this time, the thinking goes. But Bank of America strategist Michael Hartnett has a message for these investors: "It better be different this time." Hartnett, who has often expressed skepticism of the market's bull run over the last few years, shared a head-turning chart that highlights just how optimistic investors have become about the impact AI will have. It shows the S&P 500's price-to-book ratio, which measures the total market cap of the index's constituents compared to their total assets minus liabilities. The valuation measure is at a record high of 5.3, topping the 5.1 level seen in March 2000, at the peak of the dot-com bubble. Other classic valuation measures show market froth relative to history. For instance, Hartnett also shared a chart showing the S&P 500's 12-month forward price-to-earnings ratio. Except for August 2020, it's at the highest level since the dot-com era. And the Shiller cyclically-adjusted price-to-earnings ratio, which measures current prices against a 10-year rolling average of earnings, is at similar levels to 1929, 2000, and 2021. High valuations reflect high expectations for future earnings. Sometimes those expectations turn out to be too elevated, and prices correct, but they don't necessitate a bubble scenario. So far, many AI firms have continually beat earnings expectations, suggesting the optimism could be justified. Valuations are also better predictors of average long-term returns than near-term performance, and views on Wall Street on where the market goes in the months ahead differ. Though there are calls for caution, many strategists continue to raise their year-end S&P 500 price targets. Earlier this week, Rick Rieder, the chief investment officer of global fixed income at BlackRock, said the market is in the "best investing environment ever" thanks to factors like strong demand for stocks, looming rate cuts, and recent boosts in productivity and earnings growth. If the market does start to unwind, however, Hartnett said he sees bonds and non-US stocks benefiting. Examples of funds that offer exposure to these trades include the iShares Core U.S. Aggregate Bond ETF (AGG) and the Vanguard FTSE All-World ex-US ETF (VEU). Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


CBS News
14 minutes ago
- CBS News
Frank Day, former Colorado restaurateur and historic hotel owner, dies at 93
Frank Day, who created a food and beverage empire in Colorado, has died at the age of 93. He died on Wednesday after battling an illness. For over 50 years, Day operated some of the most beloved restaurants, hotels and breweries in the Denver metro area. On Friday, Concept Restaurants announced Day's passing, stating, "We are saddened to confirm the passing of Frank Day, in Boulder, CO, after a brief illness. He touched the lives of many, and his absence will be deeply felt. Our thoughts are with his family, friends, colleagues and all who knew him. The family will provide further information in due course, and we ask that their privacy be respected during this difficult time." Day founded Concept Restaurants and operated over 80 hospitality businesses, including the Hotel Boulderado, Denver's Stout Street Social, Rock Bottom Brewery and Old Chicago Pizza. He was honored for his contributions to Colorado's hospitality industry in 2024 when he was inducted into the Denver & Colorado Tourism Hall of Fame. In a 2024 interview with Yellow Scene, Day said, "It's a people business. It's 110% all about how people operate. A successful restaurant is a successful team put together. If you keep them growing in one direction, it will keep going." He said it's important to hire people who take pleasure in helping others and "have the heart of a servant." He and his wife, Gina Day, also contributed to the future of those hoping to enter the hospitality industry. In 2019, they donated $1 million to Metropolitan State University of Denver's Hospitality program. Their name also sits on MSU Denver's Gina and Frank Day Health Institute.


CBS News
14 minutes ago
- CBS News
Frisco businesses struggle as road closures and $70M construction disrupt downtown
Continued road closures in downtown Frisco are adding to the frustration for small business owners already dealing with months of construction. For Clayton Jones, recently opening Dad Jokes Cheesyburger on Frisco's Main Street was a dream come true. "Every burger, every hotdog, every chicken sandwich comes with a joke," he said. Lately, the serious amount of construction just outside the restaurant has been no laughing matter to the owner. "It's challenging," he said. "I did not know that they're going to close both of our entrances." The $70 million project began last summer, designed to make the Rail District more walkable with wider sidewalks, new landscaping and better lighting. The latest closure—5th Street between Main and Oak—is expected to last eight weeks. "Our business dropping 50% week to week is tough," Jones said. "I'm certainly not the only business being affected." Across the street, Soccer City says sales are down even more. "The construction has been devastating for our business," Austin Stigletz said. "I mean we're down over $500,000 dollars in 2024 and 2025 will be worse." The owner of Randy's Steakhouse, a downtown staple for decades, says things got so bad, payroll checks started bouncing. "I mean, we've been through hard times before, I've always been able to work my way, but this is way different," he said. Frisco Mayor Jeff Cheney acknowledges the concerns over this construction and says the city is working to bring more customers to the area. "That's included putting up temporary direction signs, helping them print open signs, letting people know they're open for business," he said. The work on Main Street is expected to wrap up by January, just in time for the World Cup. "We know that the eyes of the world will be on Frisco as one of the host cities and we certainly want to use it as a kickstart to the small businesses that are down there," Cheney said. "It's going to bring a lot of people in and it's going to be even better, and I think that was the city's ultimate goal," Jones said. Until then, business owners say every customer counts.