Three savings options to protect money during uncertainty

cbsnews.com

Stock market uncertainty continues as inflation drops but remains above the Federal Reserve's target. This has led many savers to seek ways to protect their money amid fluctuating investments. Three account options are highlighted for savers: long-term certificates of deposit (CDs) with fixed rates around 4%, high-yield savings accounts offering competitive rates with more flexibility, and money market accounts that allow deposits, withdrawals, and check-writing. These accounts provide varying levels of access and interest rates, helping savers navigate the current economic volatility. Each option offers a way to earn interest while managing risk in uncertain market conditions.


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