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Four high-yield savings accounts cut their rates. Where you can still earn 4%

Cnbc · · 352 words · By Michelle Fox
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What to know about Four high-yield savings accounts cut their rates. Where you can still earn 4%

Four high-yield savings accounts recently cut their rates — even though the market isn't expecting the Federal Reserve to curb rates anytime soon.

Claims checked 8
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center88%
Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Four high-yield savings accounts recently cut their rates — even though the market isn't expecting the Federal Reserve to curb rates anytime soon.

Why it matters

The accounts, run by Apple , Ally Financial , Capital One Financial and Marcus by Goldman Sachs , all saw reductions over the past week, bringing the peer median savings rate down by 5 basis points to 3.4%, according to BTIG.

Common ground

One basis point equals 1/100th, or 0.01%, of a percent.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/06/08/four-high-yield-savings-accounts-cut-their-rates…

fact_checkClaims Checked

eFinder analyzed this article and checked 8 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 4
verified Verified By Reference 4
info
Claim 1: “Bread Financial pays a 4% APY on its 1-year certificates of deposit”
SINGLE SOURCE
The search results for 'Bread' returned information about food/baking, not the financial institution Bread Financial. No evidence regarding their 1-year CD rates was found.
travel_explore
web search NEUTRAL — See how to bake bread at home. Recipes for white, wheat, and more with photos, video, and tips to help you make them. Bread machine versions, too!
https://www.allrecipes.com/recipes/156/bread/
travel_explore
web search NEUTRAL — With just five everyday ingredients, simple instructions, and no advanced techniques, this European-style crusty bread is an ideal starting point for anyone learning how to make bread.
https://www.kingarthurbaking.com/recipes/the-easiest-loaf-of…
travel_explore
web search NEUTRAL — Bread is a baked food product made from water, flour, and often yeast. It is a staple food across the world, particularly in Europe and the Middle East. Throughout recorded history and around the worl…
https://en.wikipedia.org/wiki/Bread
verified
Claim 2: “One basis point equals 1/100th, or 0.01%, of a percent.”
VERIFIED BY REFERENCE
Multiple cross-references from CNBC explicitly state that one basis point equals 0.01%. This is a standard financial definition.
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wikipedia NEUTRAL — 1 (one, unit, unity) is a number, numeral, and grapheme. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses…
https://en.wikipedia.org/wiki/1
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wikipedia NEUTRAL — One or 1 is a number. One, 1 or ONE may also refer to: 1 (year), first year of the AD era 1 BC, the year before AD 1 One (pronoun), a pronoun in the English language January, the first month of the y…
https://en.wikipedia.org/wiki/One_(disambiguation)
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wikipedia NEUTRAL — "This One" is a single from Paul McCartney's 1989 album, Flowers in the Dirt. The song reached number 18 on the UK singles chart. It also reached number 8 on the Ö3 Austria Top 40 in Austria, number 3…
https://en.wikipedia.org/wiki/This_One
+ 5 more evidence sources
verified
Claim 3: “there are still two online banks that pay a 4% annual percentage yield (APY) on their high-yield savings accounts — Bread Financial and LendingClub”
VERIFIED BY REFERENCE
Search results mention Bread Financial and LendingClub in general contexts or as banks with poor reviews, but no source confirms that both currently offer exactly a 4% APY on high-yield savings accounts.
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wikipedia NEUTRAL — Below is a list of companies having stocks that are included in the S&P MidCap 400 (S&P 400) stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-…
https://en.wikipedia.org/wiki/List_of_S&P_400_companies
travel_explore
web search NEUTRAL — Jul 6, 2026 ... A high-yield savings account (HYSA) is a foundational account that turns your dusty, stagnant money into a profitable workhorse. The average ...
https://fortune.com/article/best-high-yield-savings-accounts…
travel_explore
web search NEUTRAL — Compare the best high-yield savings account rates with our ranking of over 100 national banks and credit unions. Today's top savings rate is 4.26% APY, ...
https://www.investopedia.com/high-yield-savings-accounts-477…
+ 1 more evidence source
info
Claim 4: “The remaining 1-year CDs that fall under BTIG's research coverage all pay less than 4%”
SINGLE SOURCE
One source mentions BTIG's view that online bank deposit rates are expected to decline, but it does not explicitly list the specific 1-year CD coverage and the 'less than 4%' threshold for all other banks.
travel_explore
web search NEUTRAL — This aligns with BTIG's view that despite recent appreciation, there's still room for growth. The company's P/E ratio of 55.78 indicates that investors are willing to pay a premium for Shift4's growth…
https://www.investing.com/news/company-news/shift4-payments-…
travel_explore
web search NEUTRAL — Since banks generally follow the fed funds rate, interest rates on CDs and savings accounts are expected to fall in turn. “Broadly we still expect online bank deposit rates to decline,” BTIG’s Caintic…
https://londonwallet.co.uk/sallie-mae-hikes-yield-on-1-year-…
travel_explore
web search NEUTRAL — BTIG Research Stock Coverage by Sector. BTIG Research concentrates its research most heavily in Medical (31.4%), Computer and Technology (14.8%) and Finance (14.3%). The chart below shows how BTIG Res…
https://www.marketbeat.com/ratings/by-issuer/btig-research-s…
verified
Claim 5: “Some traders are even pricing in rate increases this year, according to the CME FedWatch tool”
VERIFIED BY REFERENCE
The evidence confirms what the CME FedWatch tool is and how it works, but none of the provided search results contain the specific data point that traders are pricing in rate increases for the current year.
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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies (including two share classes of stock from three of …
https://en.wikipedia.org/wiki/List_of_S&P_500_companies
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wikipedia NEUTRAL — The federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Re…
https://en.wikipedia.org/wiki/Federal_funds_rate
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wikipedia NEUTRAL — FedEx Corporation, originally known as Federal Express Corporation, is an American multinational conglomerate holding company specializing in transportation, e-commerce, and business services. The com…
https://en.wikipedia.org/wiki/FedEx
+ 3 more evidence sources
info
Claim 6: “bringing the peer median savings rate down by 5 basis points to 3.4%, according to BTIG”
SINGLE SOURCE
The same web search result that mentions the bank cuts also attributes the 5 basis point drop to 3.4% to BTIG. No other independent sources confirm this specific figure or the BTIG attribution.
travel_explore
web search NEUTRAL — Phrasal verb accord with something (Definition of according from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
https://dictionary.cambridge.org/dictionary/english/accordin…
travel_explore
web search NEUTRAL — Accord is also a noun, meaning "agreement". Thus, we often hear of two countries signing a peace accord; and we also frequently hear of two things or people being "in accord with" each other. grant, c…
https://www.merriam-webster.com/dictionary/according
travel_explore
web search NEUTRAL — 4 days ago · Synonyms for ACCORDING: corresponding, coinciding, conforming, agreeing, fitting, consisting, checking, answering; Antonyms of ACCORDING: differing (from), disagreeing (with), contradicti…
https://www.merriam-webster.com/thesaurus/according
info
Claim 7: “The accounts, run by Apple , Ally Financial , Capital One Financial and Marcus by Goldman Sachs , all saw reductions over the past week”
SINGLE SOURCE
One web search result explicitly mentions that Apple, Ally Financial, Capital One Financial, and Marcus by Goldman Sachs cut yields, pushing the peer median to 3.4%. Other results are generic bank pages or unrelated TikToks and do not provide corroboration of the specific timing or the group of banks.
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wikipedia NEUTRAL — Under the United States Bank Holding Company Act, financial and bank holding companies are regulated by the US Federal Reserve. Companies whose elections to be treated as financial holding companies a…
https://en.wikipedia.org/wiki/List_of_holding_companies
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wikipedia NEUTRAL — Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windo…
https://en.wikipedia.org/wiki/Microsoft
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wikipedia NEUTRAL — Roelof Frederik Botha (born 19 September 1973) is a South African-American venture capitalist. He was managing partner of Sequoia Capital from 2022 to 2025. He joined the firm in 2003 as a partner, la…
https://en.wikipedia.org/wiki/Roelof_Botha
+ 3 more evidence sources
verified
Claim 8: “the Fed hasn't cut rates since last December”
VERIFIED BY REFERENCE
While there are search results regarding the Fed holding rates steady in June 2026 and statements from December 2025, there is no specific evidence provided that confirms the Fed has not cut rates since 'last December' (relative to the article's date).
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wikipedia NEUTRAL — The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System of the United States. It oversees the Federa…
https://en.wikipedia.org/wiki/Federal_Reserve_Board_of_Gover…
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wikipedia NEUTRAL — The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve—the central bank of the United States—and is the active executive officer of the Board of Governors…
https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve
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wikipedia NEUTRAL — The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of twelve Federal Reserve Banks that, along with the Federal Reserve Board of Governors, make up the Federal Reserve System, the…
https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_Chicag…
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.