SmartSave has increased the interest on its three-year fixed savings account to 4.62%, earning an “excellent” Moneyfacts ...

Commissions do not affect our editors' opinions or evaluations. According to FDIC data, the average interest rate on savings accounts is currently 0.42%. That rate is much higher than it was prior ...

CD rates and other savings account interest rates often fluctuate when the Federal Reserve adjusts the federal funds rate. When the Fed raises the federal funds rate, CD rates will often rise.

CD rates have dropped, but they're still relatively high as 2025 begins. Here's what's considered a good rate now.