Cryptocurrency Q&A
Is 5% a good APY?
Is 5% a good APY?
Raffaele
Mon Nov 18 2024
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7 answers
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I'm considering an investment option that offers a 5% APY. I'm wondering if this is a good rate compared to other investment opportunities in the current market. Should I consider this as a viable option for my portfolio?
7 answers
Silvia
Wed Nov 20 2024
The typical savings rate stands at a modest 0.46%.
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noah_smith_researcher
Tue Nov 19 2024
The APY for the best high-yield savings accounts ranges between 4.25% and 5.26%.
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EthereumEagle
Tue Nov 19 2024
Such rates can help individuals grow their savings much more quickly.
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DigitalDragon
Tue Nov 19 2024
This percentage barely keeps pace with inflation.
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Nicola
Tue Nov 19 2024
On the other hand, high-yield savings accounts provide a much more attractive option.
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