High-Yield Savings and CD Rates Offer Savers Exceptional Returns
With inflation steady and Federal Reserve rate cuts on hold, now is an opportune time to lock in high rates.
- Top CD rates range from 5.00% to 5.65% APY across various terms.
- High-yield savings accounts are offering up to 5.55% APY.
- Digital banks lead with the most competitive rates due to lower overhead costs.
- Experts suggest securing long-term CDs as Fed rate cuts may be delayed.
- Inflation remains above the Fed's 2% target, influencing rate stability.
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