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Typically, as the Fed rate rises, so do APYs on savings products like CDs, high-yield savings accounts and money market accounts — surging up to 5% and higher today to accelerate your savings.
Many banks and financial institutions offer CDs at rates that are higher than you’ll earn with the average savings or money market account — with digital and online banks offering the highest ...
Some high-yield savings accounts are still offering rates around 5%. Check out our ranking of the highest savings account rates available today. The best savings account is offering 5.00% APY.
Rates for six-month CDs can outpace the average bank account, and longer terms offer rates comparable to the best high-yield savings accounts. Drawbacks of a certificate of a deposit Penalty for ...
Some of the best CD rates today include, but are not limited to, Newtek Bank, which offers the highest 6-month CD rate at 5.25% APY, and Dow Credit Union, which offers 5.00% APY on their 3-month ...
Online-only banks and digital accounts may not sound as familiar as bigger names, though each is FDIC-insured or partners with an FDIC-insured bank to offer deposit accounts that are protected for ...
Best CD rates today: Ladder your savings with up to 5.35% APY on terms of 6+ months — July 17, 2024
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 4% APY.