Banks Offer Higher Interest Rates to Attract Savers
- Savers have benefited from record-high APYs on deposit accounts as banks try to attract more customers.
- Consumers should shop around at online banks, which often offer the highest rates, as well as consider fees and access to funds when choosing a savings account, money market account or CD.
- While interest rates and promotional offers may change, opening an account now allows savers to lock in higher rates.
- High-yield savings accounts and CDs provide higher interest than most traditional bank accounts, allowing money to grow faster.
- Though rates may drop in the future, high-yield accounts are a smart way for consumers to make the most of their money.
Fortune 
CBS News 
SFGATE 
Business Insider 
CNBC 
Barron's 
NBC News 