The Federal Reserve didn't cut interest rates at its latest meeting, thanks in part to a weakening job market. As such, it gives savers more time to capitalize on higher rates.
When looking for savings options, two options include a high-yield savings account and a money market account. High-yield savings accounts have been somewhat resilient during the Fed's rate-cutting spree last year. Meanwhile, money market accounts give you the higher rates of a savings account, with the flexibility of a checking.
