Key takeawaysA money market account often combines some features of a high-yield savings account with the convenience of a checking account.Money market accounts are available through various financial institutions,

While Fed rate decisions influence what you earn on savings, the type of bank and account you choose matters more than actual rate changes, making it important to pick high-yield options that respond to Fed moves.

The Fed meeting in September could bring a rate cut. Here's what that means for savings accounts and CDs, and how to prepare.

The Federal Reserve cut policy rates by 25 basis points, to a range of 4% to 4.25%, and pencils in two more reductions this year.