Banks Compete with High-Yield Offers to Attract Savers
With the Federal Reserve holding steady on rates, financial institutions are enticing customers with lucrative savings and CD options.
Overview
- Top savings accounts and CDs are offering rates up to 9.50% APY.
- Online banks and credit unions often provide the best rates due to lower overhead costs.
- No-penalty CDs allow withdrawals without fees, offering flexibility with high returns.
- High-yield checking accounts can also yield substantial interest on everyday balances.
- Reading the fine print is crucial to fully benefit from these high-interest offers.