 Have we seen the best savings rates? I'm Mark Hamrick with a Bankrate.com Personal Finance Minute. Whether borrowing money or searching for the highest yields on savings, it pays to shop around for the best rates. On things like savings accounts, money markets, and certificates of deposit, we were all casualties of record low interest rates for years. As the Federal Reserve boosted rates beginning in 2022, the highest yields on savings moved to the best we've seen in about a decade and a half.