4 of the best places for cash as the Federal Reserve weighs a pause in interest rate hikes

on savings accounts. Only 22% are earning interest of 3% or more, according to a recent Bankrate survey., some of the top high-yield online savings accounts are paying over 4%, as of May 4.

There's limited upside to the yields on savings accounts, especially if the Fed doesn't raise rates any further.Adds McBride: "There's limited upside to the yields on savings accounts, especially if the Fed doesn't raise rates any further. They're much more likely to fall over the next six months than they are to rise.

"I bonds were the only game in town for two years," said Jeremy Keil, a CFP at Keil Financial Partners in Milwaukee. "And now they're just part of the mix.", and a variable rate, which changes every six months based on inflation. I bonds may still attract long-term investors because the fixed rate jumped to 0.9% in May from 0.4% in November.

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