"Maximizing Returns: Navigating CD and Treasury Yields in 2024"

Certificates of deposit (CDs) and Treasury bills offer high annual percentage yields (APYs) of 5.00% or better, making them excellent options to maximize savings. Treasury bills are backed by the U.S. government and offer higher APYs than many other savings options, while CDs are backed by FDIC insurance and offer fixed interest rates. Both are taxable as income, but CDs are subject to federal, state, and local taxes, while T-bills are only subject to federal income taxes. The choice between the two depends on factors such as investment amount, time horizon, and liquidity needs.