Core Insights - The Federal Reserve has cut its target rate three times in 2024 and again in 2025, leading to a decline in deposit rates, including money market account (MMA) rates [1] - The national average MMA rate is currently at 0.59%, but some top accounts are offering rates of 4% APY and higher, prompting a recommendation to open accounts to take advantage of these rates [2] Summary by Sections Money Market Account Rates - The national average money market account rate is 0.59% as reported by the FDIC [2] - Some of the best accounts are offering rates of 4% APY and above, indicating a significant opportunity for higher earnings [2] Interest Earnings from Money Market Accounts - Interest earnings from a money market account depend on the annual percentage rate (APY) and the frequency of compounding, which is typically daily for MMAs [3] - A $1,000 deposit at the average rate of 0.59% would yield a balance of $1,005.92 after one year, while a 4% APY would result in a balance of $1,040.81 [4] Impact of Deposit Amounts - The potential earnings increase with larger deposits; for example, a $10,000 deposit at 4% APY would grow to $10,408.08 after one year, resulting in $408.08 in interest [5]

Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced a second rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The best CD rates are currently found in shorter terms, particularly from online banks and credit unions, with the highest rate at 4.1% APY as of November 29, 2025 [3] CD Rates Overview - The highest CD rates are typically offered for terms of one year or less, with online banks and credit unions leading in competitive rates [3] - As of November 29, 2025, Marcus by Goldman Sachs and Sallie Mae offer the highest CD rates at 4.1% APY for their respective 14-month and 15-month CDs [3] Interest Earnings - The interest earned from a CD is determined by the annual percentage rate (APY), which reflects total earnings after one year, factoring in the base interest rate and compounding frequency [3] - For example, a $1,000 investment in a one-year CD at 1.70% APY would yield $17.13 in interest, while a 4% APY would yield $40.74 [4] Deposit Impact - The amount deposited in a CD significantly affects the total interest earned; a $10,000 deposit in a one-year CD at 4% APY would result in $407.42 in interest [5] Types of CDs - Various types of CDs offer different benefits, including: - Bump-up CD: Allows for a one-time rate increase if bank rates rise during the term [5] - No-penalty CD: Enables early withdrawal without penalties [5] - Jumbo CD: Requires a higher minimum deposit (usually $100,000 or more) and may offer higher rates [5] - Brokered CD: Purchased through a brokerage, potentially offering higher rates but with increased risk and possible lack of FDIC insurance [5]

Core Insights - The current economic climate has led to shorter-term CDs offering higher interest rates compared to longer-term CDs, which is a reversal of historical trends [2] Group 1: CD Rates Overview - As of November 23, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs on a 14-month CD [2] - The amount of interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] Group 2: Interest Earnings Examples - An investment of $1,000 in a one-year CD with 1.7% APY would yield a total balance of $1,017.13 after one year, including $17.13 in interest [4] - If the same $1,000 is invested in a one-year CD with 4% APY, the total balance would grow to $1,040.74, resulting in $40.74 in interest [4] - Increasing the deposit to $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42, earning $407.42 in interest [5] Group 3: Types of CDs - Bump-up CDs allow for a one-time request to increase the interest rate if the bank's rates rise during the term [5] - No-penalty CDs permit early withdrawal without penalties, providing more flexibility [5] - Jumbo CDs require a higher minimum deposit, typically $100,000 or more, and may offer higher interest rates, though the difference may be minimal in the current environment [5] - Brokered CDs are purchased through a brokerage and may offer higher rates or flexible terms, but they carry more risk and may not be FDIC-insured [5]

Core Insights - The national average savings account interest rate is currently 0.4%, a significant increase from 0.06% three years ago [2] - Some high-yield savings accounts are offering rates as high as 4% APY, with the highest available rate being 4.3% APY from SoFi [2][3] Summary by Sections Overview of Savings Interest Rates - The national average savings account rate is 0.4% as reported by the FDIC, up from 0.06% three years ago [2] - Despite the low national average, top savings accounts are offering rates of 4% APY and higher [2] Current Best Offers - As of November 23, 2025, the highest savings account rate available is 4.3% APY from SoFi [3] - The interest earned from a savings account is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] Interest Earnings Examples - A $1,000 deposit at the average interest rate of 0.4% would yield a total of $1,004.01 after one year, earning $4.01 in interest [4] - In contrast, a $1,000 deposit in a high-yield savings account at 4% APY would grow to $1,040.81, earning $40.81 in interest [4] - For a $10,000 deposit in a high-yield savings account at 4% APY, the total balance after one year would be $10,408.08, resulting in $408.08 in interest earned [5]

Core Insights - The current economic climate has led to shorter-term CDs offering higher interest rates compared to longer-term CDs, which is a reversal of historical trends [2] Group 1: CD Rates Overview - As of November 16, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs on a 14-month CD, Sallie Mae on a 15-month CD, and Synchrony on a 9-month CD [2] - The amount of interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and the frequency of interest compounding [3] Group 2: Interest Earnings Examples - Investing $1,000 in a one-year CD with 1.7% APY results in a total balance of $1,017.13 after one year, while a 4% APY would yield a balance of $1,040.74 [4] - A deposit of $10,000 in a one-year CD at 4% APY would grow to $10,407.42, earning $407.42 in interest [5] Group 3: Types of CDs - Bump-up CDs allow for a one-time request to increase the interest rate if the bank's rates rise during the term [5] - No-penalty CDs permit early withdrawal without penalties, providing more liquidity [5] - Jumbo CDs require a higher minimum deposit, typically $100,000 or more, and may offer higher interest rates, though the difference may be minimal in the current environment [5] - Brokered CDs are purchased through a brokerage and may offer higher rates or flexible terms, but they carry more risk and may not be FDIC-insured [5]

Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced a second rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The best CD rates are currently found in shorter terms, particularly from online banks and credit unions, with the highest rate at 4.1% APY as of November 15, 2025 [3] CD Rates Overview - The highest CD rates are available for terms around one year or less, with notable offers from Marcus by Goldman Sachs, Sallie Mae, and Synchrony [3] - The amount of interest earned from a CD is determined by the annual percentage rate (APY), which reflects total earnings after one year, factoring in compounding [3] Interest Earnings Examples - An investment of $1,000 in a one-year CD at 1.70% APY would yield a total of $1,017.13 after one year, while a 4% APY would result in $1,040.74 [4] - Increasing the deposit to $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42, earning $407.42 in interest [5] Types of CDs - Various types of CDs offer different benefits, including Bump-up CDs, No-penalty CDs, Jumbo CDs, and Brokered CDs, each with unique features and potential trade-offs in interest rates [5]

Core Insights - The current economic climate has led to shorter-term CDs offering higher interest rates compared to longer-term CDs, which is a reversal of historical trends [2] Group 1: CD Rates Overview - As of November 9, 2025, the highest CD rate available is 4.25% APY, offered by United Fidelity Bank on its 10-month, 18-month, and 2-year CDs [2] - The amount of interest earned from a CD is determined by the annual percentage rate (APY), which reflects total earnings after one year, factoring in the base interest rate and compounding frequency [3] Group 2: Interest Earnings Examples - An investment of $1,000 in a one-year CD with 1.7% APY, compounded monthly, would yield a total balance of $1,017.13 at maturity, resulting in $17.13 in interest [4] - If the same $1,000 is invested in a one-year CD with 4% APY, the total balance would grow to $1,040.74, earning $40.74 in interest [4] - Increasing the deposit to $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42 at maturity, with $407.42 earned in interest [5] Group 3: Types of CDs - Bump-up CDs allow for a one-time request to increase the interest rate if the bank's rates rise during the term [5] - No-penalty CDs permit early withdrawal of funds without incurring a penalty [5] - Jumbo CDs require a higher minimum deposit, typically $100,000 or more, and may offer higher interest rates, though the difference from traditional CDs may be minimal in the current environment [5] - Brokered CDs are purchased through a brokerage and may offer higher rates or flexible terms, but they carry more risk and may not be FDIC-insured [5]

Core Insights - The article discusses the current landscape of certificate of deposit (CD) rates, highlighting the importance of securing competitive rates for savings [1] Group 1: Overview of CD Rates - Historically, longer-term CDs offered higher interest rates than shorter-term CDs, but the current economic climate has reversed this trend [2] - As of November 2, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs for a 14-month CD, Sallie Mae for a 15-month CD, and Barclays for a 6-month CD [2] Group 2: Interest Earnings from CDs - The interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and the frequency of interest compounding [3] - For example, a $1,000 investment in a one-year CD with 1.7% APY would yield a total of $1,017.13 after one year, while a 4% APY would result in a balance of $1,040.74 [4] Group 3: Impact of Deposit Amounts - The amount deposited in a CD directly influences the total earnings; a $10,000 deposit in a one-year CD at 4% APY would grow to $10,407.42, earning $407.42 in interest [5] Group 4: Types of CDs - Various types of CDs offer different benefits, which may include: - Bump-up CD: Allows for a one-time request for a higher interest rate if bank rates increase during the term [5] - No-penalty CD: Enables early withdrawal without penalties [5] - Jumbo CD: Requires a higher minimum deposit (typically $100,000 or more) and may offer higher interest rates [5] - Brokered CD: Purchased through a brokerage, potentially offering higher rates but with increased risk and possible lack of FDIC insurance [5]

Overview of Savings Interest Rates - The national average savings account rate is currently 0.40%, a significant increase from 0.06% three years ago [2] - Despite the low national average, some top savings accounts are offering rates as high as 4% APY and above [2][3] Best Savings Account Rates - The highest savings account rate available today is 4.1% APY, offered by Openbank, LendingClub, and Jenius Bank [3] - The amount of interest earned from a savings account is determined by the annual percentage rate (APY) and the frequency of interest compounding, which is typically daily [3] Interest Earnings Examples - A $1,000 deposit at the average interest rate of 0.40% would yield a total of $1,004.01 after one year, resulting in $4.01 in interest [4] - In contrast, a $1,000 deposit in a high-yield savings account at 4% APY would grow to $1,040.81, earning $40.81 in interest over the same period [4] - For a $10,000 deposit in a high-yield savings account at 4% APY, the total balance after one year would be $10,408.08, resulting in $408.08 in interest [5]

Core Insights - The current economic climate has led to shorter-term CDs offering higher interest rates compared to longer-term CDs, which is a reversal of historical trends [2] Summary by Sections Overview of CD Rates - As of October 26, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs for a 14-month CD, Sallie Mae for a 15-month CD, and Synchrony for a 6-month CD [2] Interest Earnings from CDs - The interest earned from a CD is determined by the annual percentage rate (APY), which reflects total earnings after one year, factoring in the base interest rate and compounding frequency [3] Example of Interest Calculation - Investing $1,000 in a one-year CD at 1.70% APY with monthly compounding results in a balance of $1,017.13 after one year, while a 4% APY would yield a balance of $1,040.74 [4] Impact of Deposit Amount - A deposit of $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42 at maturity, earning $407.42 in interest [5] Types of CDs - Various types of CDs offer different benefits, including: - **Bump-up CD**: Allows for a one-time request to increase the interest rate if bank rates rise during the term [5] - **No-penalty CD**: Enables early withdrawal without penalties [5] - **Jumbo CD**: Requires a higher minimum deposit (typically $100,000 or more) and may offer higher rates, though the difference may be minimal in the current environment [5] - **Brokered CD**: Purchased through a brokerage, potentially offering higher rates or flexible terms but with increased risk and possible lack of FDIC insurance [5]