SPECIAL REPORT: Our Latest Savings Guide: Find Rates Up to 5%

Does the Fed s Latest Move Mean We're at a Peak For Savings Accounts? | The Best 1-Year CD Rates for May 2023 | Money Market Accounts -- Get Up to 4.8% Created for {EMAIL} | [Web Version]( May 12, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [Does the Fed’s Latest Move Mean We're at a Peak For Savings Accounts?]( [Does the Fed s Latest Move Mean We're at a Peak For Savings Accounts?]( (Getty Images) The short-term federal funds rate was raised by 25 basis points, or 0.25%, to a target range of 5.0%-5.25%. What does this mean for savings accounts? [Find out here](. [] CDs [] [The Best 1-Year CD Rates for May 2023]( [The Best 1-Year CD Rates for May 2023]( (Getty Images) High-yield 1-year CDs are growing in popularity. [We look at the options on the market here](. [Share Your Life Story]( There is no greater gift you can give to your loved ones than the story of your life. We will create your private memoirs in a beautifully handcrafted book. A richly rewarding experience for you and a priceless gift for your family. [Schedule a call]( call us today on (844) 399-0426. [LEARN MORE]( ADVERTISEMENT [] Money Market Accounts [] [Money Market Accounts -- Get Up to 4.8%]( [Money Market Accounts -- Get Up to 4.8%]( (Getty Images) Money market accounts sport higher interest rates and better liquidity than traditional savings or high-yield accounts. [Use our tool]( to find the right savings fit for your money. [] Savings [] [Top 5-Year CD Rates This Month]( [Top 5-Year CD Rates This Month]( (Getty Images) Several of the best 5-year CD rates are above 4% — [see how to find them here](. [] High-Yield Savings [] [No-Fee High-Yield Savings Rates Up to 4.85%]( These high-yield savings accounts offer high rates of return on your money, all without pesky monthly fees. See how you can upgrade from a basic savings account. [Read More]( [The Gift of a Lifetime: Your Autobiography]( There is no greater gift that you can give to the future generations of your family than your life story. How? By sharing it in the form of a private autobiography. Get in touch with [LifeTime Memoirs]( today on (844) 399-0426 and join the thousands of authors who have shared their stories.. [LEARN MORE]( ADVERTISEMENT [] Taxes [] [Is High-Yield Savings Account Interest Taxable?]( Savings account interest is taxable, but don't let that scare you away from a high-yield savings account. Here's what you need to know. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger’s Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger’s Retirement Report]( and [Kiplinger’s Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Kiplinger]( [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:kiplingertoday@smartbrief.com) | [ADVERTISE]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036