Merrick Bank and several banks are raising savings and CD interest rates. If you don't mind keeping your money in the bank for a certain time, CD (Certificate of Deposit) would give you a slightly better rate and rates will not change for that time period.
The only catch is that, there is a minimum of $25,000 you need to deposit and it will be locked during the period.
Merrick Bank is a member of FDIC so up to $250,000 is guaranteed to be safe
Rates keep going up!
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