Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

Koshy Mathai is the IMF’s Resident Representative in Sri Lanka. Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.

Three Iranian men pressed rehydrated raisins at an artisan distillery just outside New York, thousands of miles from their ...