For savers, interest-rate decisions by the Federal Reserve can create a difficult timing question: should you lock your money into a certificate of deposit (CD) now, or wait in case banks raise CD rates after another Fed hike? The question is particularly relevant in late 2026. The Federal Reserve already raised its target federal funds…
A CD ladder can be a useful way to earn fixed interest on your savings while avoiding the biggest drawback of putting all your money into a single certificate of deposit: having your entire balance locked away until one maturity date. Instead of putting all your money into one CD, a CD ladder divides your…
When you’re looking for a savings account in 2026, Ally Bank and Capital One 360 are two of the most recognizable names to compare. Both offer online savings products with no monthly maintenance fee and no minimum balance requirement, while Capital One also provides access to physical branches and Capital One Cafés in select locations….
Money market accounts (MMAs) have become an increasingly attractive option for savers who want to earn competitive interest while keeping relatively easy access to their cash. Unlike certificates of deposit (CDs), which typically require you to lock your money away for a specific period, money market accounts generally allow withdrawals and transfers while still paying…
Updated September 30, 2026 Certificates of deposit, commonly known as CDs, remain one of the most popular options for people who want predictable returns without taking the market risk associated with stocks and other investments. Two of the most popular CD terms are 6-month CDs and 1-year CDs. They offer a relatively short commitment compared…
Updated September 30, 2026 When interest rates are rising, savers face an important question: Should you keep your money in a high-yield savings account (HYSA), or lock it into a certificate of deposit (CD)? Both products can provide significantly better returns than a traditional savings account, but they work very differently. A high-yield savings account…
Updated September 30, 2026 The Federal Reserve has raised interest rates again, creating a new environment for American savers. On September 16, 2026, the Federal Open Market Committee increased the federal funds target range by 0.25 percentage point, from 3.50%-3.75% to 3.75%-4.00%. It was the Fed’s first rate increase since July 2023. For borrowers, higher…
Finding the right place to keep your savings has become increasingly important in 2026 as interest rates remain significantly higher than the near-zero levels that characterized much of the previous decade. For savers, one of the most straightforward ways to potentially earn more on cash is through a high-yield savings account (HYSA). These accounts are…