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CD rates strongly track with the key interest rate set by the Federal Reserve, the U.S.'s central bank. This Fed rate is the benchmark that affects rates on deposit accounts, loans, mortgages ...
Image source: Getty Images. For most of 2024, certificates of deposit (CDs) had been offering their highest rates in decades. If you shopped around, you could get a CD with a 5.50% APY or higher.
Some of the best CD rates today include, but are not limited to, CommunityWide Federal Credit Union, which offers the highest 6-month CD rate at 4.65% APY, and Bask Bank, which offers 4.65% APY on ...
From 2022 onwards, rates surged, with the best CD rates exceeding 5.00%, largely due to the Federal Reserve’s response to inflation. By December 2023, some banks were offering rates of 5.30% or ...
Best CD rates today: Top yields still holding at 4.52% despite yesterday's Fed rate cut — Dec. 19, 2024
CD rates strongly track with the key interest rate set by the Federal Reserve, the U.S.'s central bank. ... The consumer price index released on November 13 showed prices of consumer goods and ...
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