Savings interest rates today: Last week's Fed rate pause benefits smart savers with decades-high APYs — June 17, 2024

The Federal Reserve held its benchmark interest rate unchanged at a 23-year high of 5.25% to 5.50% at its rate-setting meeting last week, keeping APYs on high-yield deposit accounts and CDs at their highest in decades. But with the Fed hinting at one cut before year's end, these rates won't last forever. 

A simple way to upgrade your savings and outpace inflation is to move your money to a high-yield savings account that can grow your money at yields of 4.5% and higher. You'll find the...