_uk-house-prices-halifax-says-activity-remained-resilient-during-spring.jpg "UK house prices: Halifax says activity remained resilient during Spring from ha0169mi lock spring Video Screenshot Preview")
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✓ Published: 07-Jun-2024
👁 View: 105K times
✓ Published: 07-Jun-2024
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The average UK house price fell by 0.1 per cent month on month or around £170 in cash terms in May, according to an index. The typical property value was £288,688, which was 1.5 per cent higher than a year earlier, Halifax said.<br/><br/>
The average UK house price fell by 0.1 per cent month on month or around £170 in cash terms in May, according to an index. The typical property value was £288,688, which was 1.5 per cent higher than a year earlier, Halifax said.<br/><br/>
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_what-are-high-yield-savings-accounts.webp "A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.")
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