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We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. August 19, 2026 / 11:29 AM EDT / CBS News Interest rates on interest-bearing deposit accounts have been decent lately, though they're nowhere near the highs seen just a few years ago. In turn, there are lots of opportunities for savers to maximize the returns on their money. That could change, though, as the Federal Reserve may be eyeing an interest rate hike in the near future.
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In fact, according to the CME Group's FedWatch Tool, there's about a 30% chance the Fed increases rates at its September meeting, and a nearly 45% chance in October.
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