Cryptocurrency Q&A
What is a good APY?
What is a good APY?
mia_rose_lawyer
Tue Nov 19 2024
|
5 answers
1325
I'm wondering what constitutes a good Annual Percentage Yield (APY) when it comes to savings accounts or investment opportunities. I'd like to understand the general range or benchmark that is considered favorable.
5 answers
AltcoinExplorer
Thu Nov 21 2024
In contrast, high-yield savings accounts provide significantly higher returns. These accounts offer an Annual Percentage Yield (APY) that ranges from 4.25% to 5.26%.
Was this helpful?
395
27
KatanaSwordsmanship
Thu Nov 21 2024
The best rates for savings accounts are generally found with online-only banks. These institutions do not have the overhead costs associated with traditional brick-and-mortar banks.
Was this helpful?
329
42
Silvia
Thu Nov 21 2024
Online banks can pass these savings on to their customers by offering more competitive interest rates. This makes high-yield savings accounts an attractive option for individuals looking to maximize their savings.
Was this helpful?
126
58
DigitalEagle
Thu Nov 21 2024
The average savings rate stands at 0.46%. This figure indicates the typical interest rate that individuals earn on their savings deposits.
Was this helpful?
385
44
Thunderbolt
Thu Nov 21 2024
BTCC is a leading cryptocurrency exchange that offers a range of services. Among these services are spot trading, futures trading, and a wallet service. These options cater to the diverse needs of cryptocurrency investors.
Was this helpful?
90
73
