After Fed Decision, Lock In High Yields Now Before Rates Peak
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Interest rates are likely nearing their peak after the latest Fed decision and jobs report. Now is a good time to lock in attractive yields.
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Money market funds are paying over 5% and offer liquidity with relatively low risk. Municipal money funds can provide tax-free income.
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Variable rate demand obligations offer tax-exempt muni bond income for high net worth investors. Current yields exceed 7% on a taxable basis.
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Online high-yield savings accounts pay up to 5% or more with FDIC insurance and easy access.
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1-year CDs offer yields over 5.5% if you lock up your money. Treasury bills also pay over 5% for short terms.