Banking & savings
The APY Illusion: Why Headline Rates Mislead Savers in 2024
Financial Disclaimer: This article is for educational purposes only and does not constitute financial advice. Consult a licensed financial advisor before making investment decisions. Introduction - Why the APY headline can mislead Statistic: In Q1 2024 the average advertised high-yield savings APY was 4.2% while the CPI inflation rate