"Maximizing Your Cash: Top Rates and Options in Today's Market"

As the Federal Reserve weighs a pause in interest rate hikes, savers may find it challenging to find the best place for their cash. While some experts predict rate cuts may begin by the end of 2023, higher yields are still available for those "willing to shop around." Options worth considering include high-yield savings accounts, certificates of deposit, Series I bonds, and short-term money market funds containing Treasury bills with maturities of 30 days or less. However, banks are generally offering lower interest on products such as savings accounts because they are feeling pressure from other parts of the business.