Have a CD account set to mature this September? Here's where you should (and shouldn't) move your money next.
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TL;DR
- CD accounts maturing in September require proactive planning to avoid automatic rollovers.
- Traditional savings accounts offer low interest rates (0.38% average) that don't outpace inflation.
- High-yield savings accounts offer top rates around 4.10% and maintain fund access, though rates are variable.
- Money market accounts offer slightly lower top rates than high-yield savings accounts but include check-writing services.
- Online banks generally offer more competitive rates for both high-yield savings and money market accounts.
- Thoroughly compare rates and terms before transferring funds from a maturing CD.