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Investing in crypto: Pros and cons

CD, Checking, and Savings Rates Today: Explore Today's Best Rates

The article from MSN Money discusses the current rates for Certificates of Deposit (CDs), checking, and savings accounts as of the latest update. It highlights that while the Federal Reserve has paused rate hikes, the rates on deposit accounts remain attractive. Specifically, the best CD rates are offering over 5% APY, with terms ranging from 3 months to 5 years, providing a secure way to grow savings with fixed returns. Savings accounts are also competitive, with some high-yield options exceeding 5% APY, which is significantly higher than the national average. Checking accounts, although typically offering lower rates, have some institutions providing up to 1% APY or more, especially with conditions like maintaining a minimum balance or setting up direct deposit. The article advises consumers to shop around for the best rates, consider the terms and conditions, and understand the implications of early withdrawal penalties for CDs, while also noting the benefits of liquidity with savings and checking accounts.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/cd-checking-and-savings-rates-today-explore-today-s-best-rates/ar-AA1vQVZE ]