![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2022/12/cds-and-savings-accounts-are-offering-the-best-yields-in-a-decade-3-ways-to-put-your-cash-to-work.png?w=640&ssl=1)
Cash has been a refuge during this volatile year when stocks, bonds, and cryptocurrencies have cratered—especially since savers can now earn some of the highest yields in more than a decade.
Interest rates on many high-yield savings accounts have risen above 3%, and yields on one-year certificates of deposit are 1.24% on average, the highest since May, 2009, according to Bankrate.com’s national survey of large lenders. With a possible recession looming for 2023, now is a good time to make sure you’re getting the most from your cash.
Source: finance.yahoo.com
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