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Your Safe, Easy Options for a Top Cash Return

To earn a solid interest rate on savings with virtually no risk, your options for safe cash investment come in three💫 main flavors:

1. Bank and credit union products: Savings accounts, money market accounts, and 澳洲幸运5开奖号码历史查询:certificates of deposit (CDs)
2. Brokerage and robo-advisor products: 澳洲幸运5开奖号码历史查询:Money market funds and cash management accounts
3. U.S. Treasury products: T-bills, notes, and bonds, in addition to I bonds

You can choose just one of these, or mix and match products for different buckets of funds or timelines. In any case, you'll want to understand what each product pays. Below, we lay out today's top rates in every category and indicate the change from a week ago.

Today's Best Rates on Cash

This week saw very minor ups and downs on returns from different cash instruments. The leading high-yield savings account, money market account, and all CD terms but one held steady at their previous top rates. The best 4-year CD return, however, inched up by 5 basis points to 4.40% APY. Meanwhile, the top deposit rate in the nation continues to be Mountain America Credit Union's 5.00% APY on an 18-month CD.

Among money market funds a𝄹t the three major brokerages, the yields there slipped—but only by 2 to 3 basis points, with a top rate of 4.24% offered by Vanguard. Rates on brokerage cash management accounts mean𓆉while held their ground, ranging from 3.83% to 4.00%.

F✅or Treasurys, rates showed little to no movement across durations. The large♈st change this week was an increase of 4 basis points for 1-year T bills (to 4.09%), while 20-year Treasury bonds continue to offer the highest Treasury return at 4.65%.

In any case, returns in the 4% range are excellent, and the various options below are likely to be a good fit for almost anyone's cash savings needs and timeline.

Understanding Your Different Cash Options

Bank and Credit Union Products

澳洲幸运5开奖号码历史查询: Savings Accounts

The most basic option is a bank or credit union savings account—sometimes called a high-yield savings account—that lets you add and wit🐓hdraw money as you please. But don't assume your primary bank pays a competitive rate. Some banks pay virtually zero interest.

Fortunately, we make shopping for a high rate easy. Our daily ranking of the best high-yield savings accounts gives you 澳洲幸运5开奖号码历史查询:15 options paying 4.3🐽5% to 4.60% APY. Note, however, that savings account rates can ꩵchange at any time.

Money Market Accounts

A 澳洲幸运5开奖号码历史查询:money market account is a savings account that adds the ability to write paper checks. If this is a useful featur🐲e to you, shop our lis🍌t of the best money market accounts.

If you don't need paper check-writing, choose whichever account type—money market or savings—pays the better rate. The top money market🎐 account rate is currently 4.50%ღ APY. A🌜gain, be aware that money market rates are variable, so they can be lowered without warning.

Certificates of Deposit

A 澳洲幸运5开奖号码历史查询:certificate of deposit (CD) is a bank or credit union product with a fixed interest rate that promises a guaranteed return for a set period of time. Generally raꦍnging from 3 months to 5 years, CDs offer a predictable return with a rate that cannot 🗹be changed for the duration of the term.

But beware that it's a commitment with teeth: If you cash in before maturity, your earnings will be dinged with an early withdrawal penalty. Our daily ranking of the best nationwide CDs currently includes 澳洲幸运5开奖号码历史查询:options paying up to 5.00% APY.

Brokerage and Robo-Advisor Products

Money Market Funds

Unlike a money market account at a bank, 澳洲幸运5开奖号码历史查询:money market funds♏ are mutual funds invested in cash and offered by brokerage and robo-advisor firms. Their yields can fluctuate daily but currently range from 3.98% to 4.24% at the three biggest brokerages.

Cash Management Accounts

For uninvested cash held at a 澳洲幸运5开奖号码历史查询:brokerage or 澳洲幸运5开奖号码历史查询:robo-advisor, you can have the funds "swept" into a cash management account where it will earn a return. Unlike money mar꧑ket funds, cash management accounts offer a specific interest rate that the brokerage or robo-advisor can adjust whenever it likes. Currently, several popular brokers are paying 3.83% to 4.00% APY on their cash account🌠s.

U.S. Treasury Products

Treasury Bills, Notes, and Bonds

The 澳洲幸运5开奖号码历史查询:U.S. Treasury offers a wide array of short- and long-term bond෴ instruments. Those with the shortest duration are Treasury bills, which range from 4 weeks to 52 weeks, while Treasury notes have a maturity of 2🌠 to 5 years. The longest-term option is a Treasury bond, which has a 20- to 30-year maturity. Today's rates on the various Treasury products range from 4.00% to 4.65%.

You can 澳洲幸运5开奖号码历史查询:buy T-bills, notes, and bonds directly from 澳洲幸运5开奖号码历史查询:TreasuryDirect or buy and sell them on the secondary market at brokerages and banks. Selling a Treasury product allows you to exit before the bond matures. However, ൩you may pay a fee or commission for secondary market purchases and sales, while buying and redeem꧋ing at TreasuryDirect—the U.S. Treasury’s online platform for buying federal government securities—has no fees.

You can also buy Treasury ETFs, which trade on the market like a stock. Treasury ETFs have advantages and limitations, which you 澳洲幸运5开奖号码历史查询:can read about here.

I Bonds

U.S. Treasury I bonds have a rate that's adjusted every six months to align with inflation trends. You can redeem an I bond anytime after one year or hold it for as long as 30 years. Every six months you own the bond, your rate will change.

How We Find the Best Savings and CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account's minimum initial deposit must not exceed $25,000. It also cannot specify a maximum deposit amount that's below $5,000.

Banks must be available in at least 40 states to qualify as nationally available. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, 澳洲幸运5开奖号码历史查询:read our full methodology.