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Best CD rates for January 3, 2025. ... (2 year) CD. 1.52%. 1.52%. No change. 36-month (3 year) CD ... The unemployment rate edged up moderately to 4.2% from October's 4.1%. A new labor reading for ...
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.
Despite three Federal Reserve rate cuts this year, CDs continue to be a reliable way to grow your money at near-record rates, offering up to 4.27% APY on terms of 12 months and longer. And fixed ...
At the conclusion of its first rate-setting policy meeting of the year, on January 29, 2025, the Federal Reserve announced it was leaving the federal funds target interest rate at 4.25% to 4.50% ...
Best CD rates for January 29, 2025. ... rising 3.3% year over year, up from 3% in November. ... Accessed January 16, 2025. Producer Price Index News Release summary, U.S. Bureau of Labor and ...
Here’s how CD rates fell in the year after those emergency rate cuts of 2020 were made: From June 2020 to June 2021, the average one-year CD dropped to 0.17 percent APY from 0.41 percent APY.
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