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Keeping a C🎃ash Cushion Is Smart Right Now—And Rates Are Great

In today's climate of 澳洲幸运5官方开奖结果体彩网:economic uncertainty, triggered by President Donald Trump's evolving tariff policy, parking some cash in reserve feels prudent. But whe﷽ther you're holding savings in the bank or shifting funds from more volatile investments, it's important to consider how much you can earn from different cash strategies.

Fortunately, the options are excellent right now, as returns continue to be buoyed by the 澳洲幸运5官方开奖结果体彩网:Federal Reserve's benchmark interest rate 澳洲幸运5官方开奖结果体彩网:remaining high. Not only that, but it appears likely the central bank will keep its federal funds rate where it is for two more meetings. According to the 澳洲幸运5官方开奖结果体彩网:CME Group's FedWatch Tool, financial markets are currently pricing in almost 70% odds that the first 2025 rate cut won't come before the Fed's Sept. 17 rate announcement.

That would be good news for savers, as the rates that banks, credit unions, and brokerages are willing to pay on your savings are directly impacted by the 澳洲幸运5官方开奖结果体彩网:federal funds rate. Anytime the Fed cuts that benchma𓃲rk rate, rates for savings, money market, and CD accounts fall as well.

Today's Best Rates on Cash

For an attractive interest rate that involves virꩲtually no risk, the options for safe 💫cash investment come in three main flavors:

1. Bank and credit union products: Savings accounts, money market accounts (MMAs), and 澳洲幸运5官方开奖结果体彩网:certificates of deposit (CDs)
2. Brokerage and robo-advisor products: 澳洲幸运5官方开奖结果体彩网: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 and timelines. In any case, you'll want to understand what each product pays. Below, we lay out today's top rates in every category, as of Friday's market close, and indicate the change from a week prior.

Bank and Credit Union Rates

The rates below are the top nationally available APYs from federally insured banks and credit unions, based on our 𝓰daily rate research of more than 200🅘 institutions that offer nationwide products.

Brokerage and Robo-Advisor Rates

The yield on mo🦂ney market funds fluctuates daily, while rates on cash management accounts are more fixed but can change at any time.

U.S. Treasury Rates

Treasury securities pay their rate through maturity and can be bought directly from TreasuryDirect, or can be bought and sold o🎃n the secon⛦dary market via a bank or brokerage. I bonds must be bought from TreasuryDirect and can be held for up to 30 years, with rates adjusted every six months.

Summary Table: All Cash Options by Rate

Here's a different look at all of the cash vehicles above, sorted by rate. Note that the rates shown are the highest qualifying rate for each product type.

Understanding Your Different Cash Options

Bank and Credit Union Products

澳洲幸运5官方开奖结果体彩网: Savings Accounts

The most basic place to stash cash is a bank or credit union savings account—sometimes called a high-yield savings account—that le🐠ts you add and withdraw 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官方开奖结果体彩网:more than 15 options༺💖 that pay 4.35% to 5.00% APY. Note, however, that savings account rates ꦡcan change at any time.꧟

Money Market Accounts

A 澳洲幸运5官方开奖结果体彩网:money market account is a savings account that lets you write paper checks. If this is a useful feature to you, shop our list of the best money market ꩲaccounts.

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 ratꦉe is currently 4.40% APY. Again, be aware that money🌜 market rates are variable, so they can be lowered without warning.

Certificates of Deposit

A 澳洲幸运5官方开奖结果体彩网:certificate of deposit (CD) is a bank or credit union product with a fixe♐d interest rate that promises a guaranteed return for a set period of time. Generally ranging 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 be aware 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官方开奖结果体彩网:options paying up to 4.50% APY.

Brokerage and Robo-Advisor Products

Money Market Funds

Unlike a money market account at a bank, 澳洲幸运5官方开奖结果体彩网:money market funds are mutual funds invested in cash and offered by brokerage and robo-advisor firms. Their yಌields can fluctuate daily b𒆙ut currently range from 3.94% to 4.21% at the three biggest brokerages.

Cash Management Accounts

For uninvested cash held at a 澳洲幸运5官方开奖结果体彩网:brokerage or 澳洲幸运5官方开奖结果体彩网:robo-advisor, you can have the funds "swept" into a cash management account where it will earn a return. Unlike money market funds, cash management accounts offer a specific interest rate that the br😼okerage or robo-advisor can adj꧑ust whenever it likes. Currently, several popular brokers are paying 3.83% to 4.00% APY on their cash accounts.

U.S. Treasury Products

Treasury Bills, Notes, and Bonds

The 澳洲幸运5官方开奖结果体彩网:U.S. Treasury offers a wide a𒁏rray of short- and long-term bond instruments. Treasury bills have the shortest duration, ranging from 4 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- or 30-year maturity. Today's rates on the various Treasury products rangeꦫ from 3.95% to 4.92%.

You can 澳洲幸运5官方开奖结果体彩网:buy T-bills, notes, and bonds directly from 澳洲幸运5官方开奖结果体彩网: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, you may pay a fee or commission for secondary market purchases and sales, while buying and redeeming at TreasuryDirec🧸t—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官方开奖结果体彩网: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.

I bond rates just went up on May 1, from 3.11% for bonds issued during the previous six months to 3.98% for new bonds purchased between May 1 and Oct. 31, 2025. For existing I bond holders, your next six-month rate will also increase—by almost a full percentage point. See our story about 澳洲幸运5官方开奖结果体彩网:the recent rate change, including rate tables for different bond dates.

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官方开奖结果体彩网:read our full methodology.