High-yield savings rates today: July 21, 2025 | Best APYs exceed 4% ahead of next week’s Fed meeting

It’s important to note that it’s still early days for the effects of tariffs, which take time to come into full force. Although we are only seeing relatively modest effects of tariffs in the hard aggregate data so far, I expect those effects to increase in coming months.

— John Williams, President and CEO | Federal Reserve Bank of New York