High Interest Rates Boost Returns on CDs and Savings Accounts

Savers can lock in substantial gains with high-yield CDs and flexible savings accounts as the Federal Reserve maintains elevated rates.

Top three-year CDs offer up to 4.61% APY, earning over $1,400 on a $10,000 deposit.
High-yield savings accounts now offer up to 5.50% APY, significantly above the national average.
The Federal Reserve is expected to hold the benchmark rate at a 22-year high for the seventh consecutive time.
Digital banks and online-only accounts provide the best rates with FDIC insurance up to $250,000.
Savers can choose between fixed returns of CDs or the flexibility of high-yield savings accounts.