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6 days ago | 
wdam.com | Sheiresa McRae Ngo
Key Takeaways Striking the right balance between your checking and savings accounts can help your money grow. Checking accounts are ideal for managing daily expenses, while savings accounts are best for long-term financial goals. Allocate your funds based on monthly expenses and savings goals. Economic anxiety likely has you thinking a lot more about your money these days. As recession fears loom, and “#opentowork” signs dominate LinkedIn, it’s hard not to be more concerned about your finances.
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2 weeks ago | 
bankrate.com | Sheiresa McRae Ngo |Marc A. Wojno
The highest CD rate across terms is 4.50 percent APY, offered on a three- and a six-month term. Competitive APYs for some terms are currently several times greater than national averages. In 2025 and beyond, APY levels on competitive CDs will likely move in lockstep with any changes the Federal Reserve makes to the federal funds rate.
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1 month ago | 
bankrate.com | Sheiresa McRae Ngo |Kristen Kuchar
Today's top CD rate across terms is 4.50 percent APY, offered on three- and six-month CDs.The best rates on various terms are more than triple the national average yields, so it pays to shop around. In 2025 and beyond, APY levels on competitive CDs will likely move in lockstep with any changes the Federal Reserve makes to the federal funds rate. The Federal Reserve maintained its benchmark rate at a range of 4.25-5 percent during its March 18-19 meeting.
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1 month ago | 
katu.com | Sheiresa McRae Ngo
Can you spend from a savings account? by Sheiresa McRae NgoMon, March 24th 2025 at 2:34 PMwavebreakmedia/Shutterstock
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1 month ago | 
komonews.com | Sheiresa McRae Ngo
Key takeawaysSavings accounts are not designed for everyday spending, and many banks and credit unions impose monthly limits on the number of transactions you can make from a savings account. If you need to spend money that’s in your savings account, you’ll likely need to either withdraw cash or transfer the funds into a different account.
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1 month ago | 
bankrate.com | Sheiresa McRae Ngo |Kristen Kuchar
The current leading CD rate across terms is 4.50 percent APY, offered on terms of three and six months. Some CDs out-earn high-yield savings accounts, although most CDs charge a fee for early withdrawals. Competitive CD APYs may decrease if the Federal Reserve cuts rates in 2025. Savers could benefit from locking in high yields now. A certificate of deposit (CD) can be a useful tool for earning interest on your funds as you save for your financial goals.
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1 month ago | 
bankrate.com | Sheiresa McRae Ngo |Kristen Kuchar
The current leading CD rate across terms is 4.50 percent APY, offered on terms of three and six months. Competitive APYs for some terms are currently several times greater than national averages. Competitive CD APYs may decrease if the Federal Reserve cuts rates in 2025. Savers could benefit from locking in high yields now.
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1 month ago | 
bankrate.com | Sheiresa McRae Ngo |Hanna Horvath
The current leading CD rate across terms is 4.50 percent APY, offered on terms of three, six and nine months. Competitive APYs for some terms are currently several times greater than national averages. Competitive CD APYs may decrease if the Federal Reserve cuts rates in 2025. Savers could benefit from locking in high yields now. A certificate of deposit (CD) is a bank account that earns a fixed rate of return in exchange for locking in your funds for the entire term.
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1 month ago | 
bankrate.com | Sheiresa McRae Ngo |Marc A. Wojno
The current leading CD rate for three-, six- and nine-month terms is 4.50 percent APY. Competitive APYs for some terms are currently several times greater than national averages. Competitive CD APYs may decrease if the Federal Reserve cuts rates further in 2025. Savers could benefit from locking in high yields now. Some savers who expect the Federal Reserve to lower interest rates during the first quarter of 2025 are locking in a fixed yield now on a certificate of deposit (CD).
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1 month ago | 
bankrate.com | Sheiresa McRae Ngo |Marc A. Wojno
The current leading CD rate for three-, six- and nine-month terms is 4.50 percent APY. Competitive APYs for some terms are currently several times greater than national averages. Competitive CD APYs may decrease if the Federal Reserve cuts rates in 2025. Savers could benefit from locking in high yields at this time. CD rates have continued to keep a steady pace. The Federal Reserve's decision to maintain the federal funds rate during January's meeting has impacted recent trends.
