Key Highlights
- Money market accounts offer up to 4.26% APY.
- Certificates of deposit (CDs) can lock in rates up to 4.1% APY.
- High-yield savings accounts are offering rates up to 4.3% APY.
- The Federal Reserve has cut its target interest rate multiple times in 2024 and 2025.
- Current rates on deposit accounts are higher than the national average.
