Money market yields are moving after the Federal Reserve’s September decision, but there is a twist worth catching before moving a pile of cash. The Fed raised its benchmark rate by a quarter point on September 16, taking the target range to 3.75% to 4%.
That changes the savings conversation in an unusual way. A money market account keeps its rate flexible, while a CD can lock in a fixed yield for a set period. With some CDs still offering rates above 4%, the question is less about chasing the highest number and more about deciding how much access the cash really needs.
