CD vs. high-yield savings account — which earns 5.5% after the Fed rate hike?

The face-off

Higher interest rates have made it more expensive to carry a balance on your credit card or take out a car loan, but on the flip side, there’s an opportunity to earn more interest on cash savings. You can do this by opening a high-yield savings account or buying a certificate of deposit (CD). (This column will focus on those two options; you can read about other cash investments here.)

A…

You May Also Like

Dear Tax Guy: Our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?

We gave our daughter money towards a down payment on a home…

So, are we in a recession or what?

There’s been a lot of news about inflation lately, especially about whether…

European shares slip as traders weigh inflationary outlook

European shares edged lower on Tuesday ahead of economic data that will…

Johnson delays plans to ban multibuy deals on unhealthy food

Boris Johnson has shelved plans to ban multibuy deals on unhealthy food…