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Savings, CD, and Checking Account Interest Rates Today: Earn Over 4% APY

The article from MSN discusses the current interest rates for savings, CDs (Certificates of Deposit), and checking accounts as of the latest update. It highlights that while the Federal Reserve has paused rate hikes, the rates on deposit accounts remain attractive. Savings accounts are offering rates over 4% APY, with some high-yield online savings accounts providing even higher returns. CDs are also competitive, with short-term CDs offering rates above 5% APY, though longer-term CDs might offer slightly lower rates. Checking accounts, typically offering lower interest, are also seeing an uptick, with some banks providing rates around 1% APY or more, especially for accounts with certain conditions met like direct deposit or minimum balance requirements. The article advises consumers to shop around for the best rates, consider the terms and conditions, and understand the implications of locking money into CDs versus keeping it in more liquid savings or checking accounts.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/personalfinance/savings-cd-and-checking-account-interest-rates-today-earn-over-4-apy/ar-AA1xEBIL ]