The 4 best places to put your savings right now
Elevated interest rates are a boon to savers, with some accounts delivering yields between 5% and 6%.
Tim Maxwell is a freelance writer who covers investing, real estate, banking, credit education and other personal finance topics. Tim began his career as a broadcast journalist, covering breaking news events, conducting on-camera interviews and editing news packages for viewers. He later worked in various digital media roles for 20th Century Fox and NBC/Universal film studios. Tim's financial articles have been published in over 20 major media outlets, including CBS News, Newsweek, Bankrate and Fox Business. He earned a degree in mass communications from Fresno State University.
Elevated interest rates are a boon to savers, with some accounts delivering yields between 5% and 6%.
Delayed rate cuts translate to continued favorable yields on deposit accounts and Treasury bills.
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Taking an early CD withdrawal typically comes with a penalty, but it could be worth paying in certain scenarios.
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Experts say CD account rates could remain stable in the short term and potentially drop if the Fed cuts rates.
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With fixed and lower interest rates, home equity loans can be more advantageous than other popular lending options.