High-yield savings accounts vs. no-penalty CDs: Which is better now?
CBS News: Lakshmi Balasubramanyan, associate professor of banking and finance at Weatherhead School of Management, said savers can benefit from high-yield savings accounts and no-penalty certificates of deposit (CD), as the Federal Reserve holds interest rates steady; while no-penalty CDs offer flexibility, their rates may be lower than traditional CDs. “The rates are not as competitive,” she said, adding that negotiating better rates is possible.
