iShares iBonds Oct 2029 Term Tips ETF

26.17

+0.03040.12%

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This bank account is paying 5.25% right now as interest rates surge

Dow Jones

·

31 Oct 2024

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Things are suddenly looking up for retirees and other savers. The interest rate you can earn on low-risk and \"risk-free\" money - including regular bank accounts, time deposits and U.S. government bonds - has surged sharply from the low levels seen just six weeks ago.You can thank a variety of factors for the rise in rates, including the surprising strength of the \"Biden-Harris\" economy, the Federal Reserve and Donald Trump's surge in the polls. But more on that later.You can get 5.25% interest on a regular savings account from Openbank, a new online bank being rolled out by Spanish banking giant Santander . . 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