Maximize Returns with Top CD and Savings Rates in 2024

High-yield accounts offer up to 5.51% APY as Fed holds rates steady amid inflation concerns.

Top CD rates reach 5.51% for terms up to 15 months, with competitive offers from TotalDirectBank and NexBank.
High-yield savings accounts offer over 5.35% APY from digital banks like My Banking Direct and Western Alliance Bank.
Federal Reserve maintains benchmark rate at 23-year highs, influencing favorable conditions for savers.
Traditional savings accounts lag behind, with national averages significantly lower than top high-yield options.
Experts advise locking in current high rates as future rate cuts remain uncertain.