Your savings account's interest rate isn't guaranteed, and that could be a problem since rates are expected to drop. You might earn more interest with a CD and get a guaranteed rate on it ...
Whether they chose a traditional savings account, a certificate of deposit (CD) account or both, savers were able to exploit the elevated interest rate climate to earn more on their money than ...
The best no-penalty CDs will offer rates slightly higher than the best high-yield savings accounts, and can offer a substantially improved interest rate over traditional brick-and-mortar savings ...