Overview

• High-yield savings accounts offer rates up to 5.55% APY, significantly above traditional accounts.
• Short-term CDs can provide even higher yields, with some offering rates above 5.65%.
• The Federal Reserve's current rate policies make it an opportune moment to lock in these high returns.
• Short-term CDs offer flexibility to reinvest if rates increase further.
• Both high-yield savings accounts and CDs are FDIC-insured, ensuring the safety of your deposits.