High-Yield Savings Account Rates Are Set to Decline. Where to Put Your Cash Now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
0mins
Should l Buy ?
Source: Barron's
Interest Rate Changes: With the Federal Reserve expected to cut interest rates, savers should consider alternatives like CDs and Treasury notes to lock in current yields, as high-yield savings account rates are likely to decline by about 2 percentage points over the next year.
Investment Options: Certificates of deposit (CDs) and no-penalty CDs offer competitive interest rates, while Treasury bills and notes provide flexibility and tax advantages, making them viable options for investors looking to safeguard their savings.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
