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High interest rates present opportunities for savers to earn more

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Overview

  • Interest rates are expected to continue rising, allowing savers to earn higher returns.
  • Opening high-yield savings accounts can take advantage of rising rates.
  • Shopping around for accounts with no fees or minimums makes saving easier.
  • Setting up automatic transfers to savings can help consistently build balances.
  • Strategic moves like CDs and home equity loans allow using high rates beneficially.