Although the Federal Reserve did not change interest rates following its policy meeting this month, yields for a variety of income-paying investments are expected to remain high. Income investors have enjoyed higher yields since the central bank began its policy-tightening program in March 2022, when it increased interest rates 11 time. This was after they launched their campaign to tighten up policies. The Fed announced Wednesday that they will raise rates once more this year, and then implement two rate cuts in 2024. This is two less than what was previously predicted. As of Wednesday afternoon, the yield on 2-year Treasury bonds was 5.13%. According to LSEG, this is a sharp increase from the 1.75% interest rate at mid-March of 2022. According to Haver Analytics, savers are also earning more on their cash. The 5-year CD boasts a 2.83% yield, up from 0.5% last March. Greg McBride is the chief financial analyst for Bankrate.com. He said, “It’s an excellent time to be a saver and that good times will keep rolling.” Even if the Fed does not raise rates anymore, they will remain high. Treasurys Treasurys offer investors a safe way to earn high yields. The 6-month Treasury yields 5.5%, while the 10-year Treasury has a rate 4.3%. Prices and yields are inversely related. Investors can use laddering to diversify maturity and reinvest the proceeds of issues that are due in longer-dated bonds. US2Y US10Y Line U.S. Treasurys 2-year and 10-year Treasurys According to Sameer Samana of Wells Fargo Investment Institute, a barbell strategy is ideal for Treasurys. Investors can currently clip some pretty good coupons on bonds with a shorter maturity of up to 3 years. The 10-year Treasury is at the other end of the spectrum. He said that the 10-year was at a point where it would be difficult to increase the price, even if the rates went up. “Even if rates rise, you’ll still lock in some good income from here.” Samana’s baseline is that the Fed will stop raising rates in the fourth or first quarters of 2024. He also expects the long-term rates to reach their peak at that time. He said that once they reach their peak, he doesn’t expect them to fall very fast. In this environment of higher rates, it pays to keep cash in savings accounts and CDs. Online banks offer high yield savings accounts that pay upwards of 4% for deposits. Synchrony Financial increased its APY on savings accounts from 4.75% to 5%. Bread Financial also offers 5% APY on idle cash deposits. Banks can change these rates at any moment. Select banks offer higher yields if you are willing to give up a bit of liquidity. Sallie Mae offers a 5.1% yield on a CD with a maturity of one year. Bread, for example, has a CD that pays an APY rate of 5.5%. Morgan Stanley’s Betsy Graseck predicts that costs banks incur in order to offer CD yields are going to continue to increase, but at a slower pace. She wrote that while bank deposit costs will continue to rise through 2024, the rate of growth should slow. These increases are driven by higher interest rates for longer periods of time, as well as competition from money market funds and Treasurys, according to Graseck. Investors who wish to maximize the yield on their short-term holdings may consider laddering CDs. Investors can also choose to buy brokered CDs, which give them a greater selection of maturities. Money market fund rates have also increased significantly since the rate hike campaign began. As of September 19, the Crane 100 Money Fund Index had an annualized current yield of 5.16 percent. According to Investment Company Institute, retail money market funds grew by $10.14 Billion to $2.12 Trillion in the week ending September 13. These funds are backed by a variety of investments, including Treasurys, municipal bonds and short-term corporate papers. The latter can offer higher returns in exchange for a certain amount of credit risk. Investors should be aware that, while these investments may seem like cash, they are likely to not keep up with inflation in the long term. Experts recommend diversifying your portfolio and keeping some money in money markets and CDs. CNBC’s Michael Bloom, Nick Wells and other reporters contributed to this report.