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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.

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Overview

  • 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.