Act Fast: CD and Savings Accounts Offering 6% or Higher Returns Amid Fed Rate Hikes

Certificate of deposit (CD) accounts can offer 6% or higher APY right now. CDs provide predictable returns and FDIC insurance up to $250,000.

Some high-yield savings accounts are currently offering 6% or more APY. These accounts provide easy access to funds but variable interest rates.

High rates on CDs and savings may not last forever. Act soon to lock in a high return.

Compare interest rates and terms across banks to find the best CD or high-yield savings account.

A 6% return on savings is possible now thanks to the Fed's interest rate hikes. But rates will likely fall eventually.