A high-yield savings account can help you grow your money in 2026. pogonici/Pogonici/Getty Images

Interest rates on high-yield savings accounts were soaring a few years ago with some online accounts reaching 6% . But now, after a shift in Federal Reserve policy, those savings rates have started to fall . Should the Fed continue on its current path, it may opt to cut its federal funds rate again, which would mean even lower rates on savings accounts as we get into 2026. And that now appears likely, with many experts expecting another 25 basis point cut to the federal funds rate when the central bank meets again in December.

But does that mean a high-yield savings account won't be the best place for your money next year? And are you better served for looking for alterna

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