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The all-time high for CD interest rates was in December 1980, when CD rates reached an average of 18.65%. When was the last time CD rates were 5%? The last time that CD rates were at or above 5% ...
The latest Consumer Price Index data released yesterday shows inflation at a high 3.5% and is likely to delay cuts to the nation's benchmark interest rate. While high rates are bad news for ...
Savings rates continue to decline following the Federal Reserve's third rate cut of 2024 on December 18. Yet you can still find high-yield savings accounts and certificates of deposit paying out ...
That’s because CD rates closely follow the federal funds rate, which is currently elevated due to the Federal Reserve's aggressive interest rate hikes and holds over the past year The Fed raised ...
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
Among CDs that currently earn the top rates, here’s approximately how much interest a $10,000 deposit will earn by the time the CDs mature: 6-month CD earning 5.15% APY: $254 1-year CD earning 5 ...
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