{
  "id": 8089933,
  "title": "3 savings moves to make post-Fed rate hike",
  "url": "https://urgent.news/2026/09/17/3-savings-moves-to-make-post-fed-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T20:07:33.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/savings-moves-to-make-post-september-2026-fed-rate-hike/"
  },
  "original_language": "en",
  "account": "In the wake of the Federal Reserve's first interest rate hike in over three years, savers are now facing a new financial landscape with higher rates across the board. This shift opens up opportunities for savers to earn more on their money, provided they take the right steps.\n\nFirst, consider transferring funds to a high-yield savings account. These accounts typically offer significantly higher interest rates than traditional savings accounts. However, traditional accounts should be closed if possible. High-yield accounts also offer more flexibility, as funds can be deposited and withdrawn without penalties, unlike certificates of deposit (CDs) which lock away money for a set term at a fixed rate.\n\nSecond, be cautious with CDs, but don't overlook them entirely. While CDs generally offer higher rates than high-yield savings accounts, they come with a fixed term and rate, limiting your ability to earn more if rates rise. Open a CD account, but only deposit what you can afford to be locked away for the agreed term.\n\nFinally, explore alternative account types that can help maximize your returns. Money market accounts function like savings accounts but often allow checks to be written against them. High-yield checking accounts are another option, earning interest on the money you keep idle. Both of these options can provide competitive rates, especially in an environment of rising interest rates.\n\nUltimately, the rising interest rate environment presents a silver lining for savers. By shifting funds to high-yield savings accounts, using CDs more cautiously, and exploring alternative account types, savers can increase their earnings significantly. Consider using online marketplaces to compare account options and don't hesitate to speak with banks directly for personalized advice tailored to your financial situation.",
  "summary": "The Federal Reserve raised interest rates this week. Here are three savvy moves savers should make in response.",
  "key_points": [
    "Transfer funds to high-yield savings accounts for higher interest rates",
    "Be cautious with CDs, but consider them for fixed terms and rates",
    "Explore money market and high-yield checking accounts for alternative options"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}