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Earlier this year, it was easy enough to find a CD paying 5%. Nowadays, you're most likely looking at a rate in the 4% range, which is still pretty competitive.
Medicare. News. Science & Tech ... yields on certificates of deposit — with the best CDs paying rates that outpace inflation by up to 2 percentage points. CDs guarantee a high rate of return on ...
Medicare. News. Science & Tech ... principal at the end of an agreed-on term — the best CDs paying rates that outpace inflation by up to 2 percentage points. CDs come with fixed rates that can ...
Image source: The Motley Fool/Upsplash. Just a few months ago, 5% CDs were pretty easy to find. Unfortunately, the days of 5% CDs are largely behind us.
Certificates of deposit guarantee a high fixed rate of return on your principal at the end of an agreed-on term — the best CDs paying rates that outpace inflation by up to 2 percentage points.
To combat high inflation, which peaked at an annual rate of 9.1 percent in June 2022, the Fed raised rates a whopping 5.25 percentage points between March 2022 and July 2023.