"Exploring the Best Options for High-Yield Savings and CDs: Where to Earn 6% on Your Savings Today"

1 min read
Source: CBS News
"Exploring the Best Options for High-Yield Savings and CDs: Where to Earn 6% on Your Savings Today"
Photo: CBS News
TL;DR Summary

In today's economic landscape, it is possible to earn a 6% or higher return on your savings. One option is to invest in a certificate of deposit (CD) with rates as high as 7% currently available. CDs offer safety, predictable returns, and diverse term options. Another option is a high-yield savings account, typically offered by online banks, which can provide interest rates surpassing traditional savings accounts. While rates on high-yield savings accounts are variable, opening an account before rates decline is advisable. High-yield savings accounts offer liquidity, safety, and ease of management. Conduct research to compare rates, fees, and terms to find the best option for maximizing your savings.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

4 min

vs 5 min read

Condensed

87%

868109 words

Want the full story? Read the original article

Read on CBS News