The APYs for CDs and high-yield savings accounts have increased quite a bit ever since the Federal Reserve started to hike interest rates in 2022. Some people stored their money in these accounts for guaranteed returns, but one person on Reddit found a discrepancy between Fidelity's CDs and their savings account.
"My high-yield savings account is giving me 4% APY, while all CDs I find in Fidelity are below this (except those with 10+ year maturity). Does this mean that high-yield savings accounts are outcompeting CDs? Or am I missing something?"
