16 ARTICLES

·

UPDATED last year

High-Yield Savings and CD Rates Soaring As Fed Hikes Rates

High-yield savings accounts and CD rates have been going up significantly due to interest rate hikes from the Federal Reserve.
To take advantage of higher interest rates, consumers should open high-yield savings accounts or short-term CDs with competitive banks.
High-yield savings accounts offer easy access to money, low or no fees, and rates up to 5% APY.
Short-term CDs, like 6-month or 1-year CDs, provide higher guaranteed returns for locking in money for a short period.
Choosing an online bank and comparing options is key to getting the best deals and highest rates.