Time will tell what exactly will happen to the federal funds rate in 2025 and 2026—and economic policies suggested by the new Trump administration have the potential to alter the Fed's course. But with three Fed rate cuts already in the books, today's CD rates could ...
The current average one-year CD rate is just 1.54% APY, according to the FDIC— while some CDs from online banks today earn 5.00% to 5.20% for a year term or less. Even if rates do rise a bit in the future, that's still a much higher rate than you would have gotten over the ...
Today's best CD rates TermHighest APY*BankEstimated earnings on $1,000 depositEstimated earnings on $5,000 depositEstimated earnings on $10,000 deposit 6 months4.65%CommunityWide Federal Credit Union$22.99$114.93$229.85 1 year4.45%CommunityWide Federal Credit Union$44.50$222.50$...
How much will a $10,0000 CD earn at today's lower rates? It can be difficult to determine exactly how CDs have been affected by the recent run of interest rate reductions. When examining these accounts through the lens of a $10,000 deposit, however, it becomes clearer (even if the ...
A Featured CD from Bank of America offers a steady return for a fixed term to maximize your savings. Learn more about our term options, rates, and fees.
1. Find a CD that’s right for you A good starting point is to compare CD interest rates online across federally insured banks and credit unions and keep three other factors in mind: CD term, CD type and who owns the CD. CD termsgenerally range from three months to five years, so de...
Today'sbest CD ratesare slightly below last fall's historic peak, having softened when it seemed the Fed would cut rates. But it could be months still before the Fed makes a move. Below you'll find featured rates available from our partners, followed by details from our ranking of the...
What Is a Certificate of Deposit (CD)? A CD is a type of savings account with a fixed term. CDs can have higher rates than regular savings accounts.Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on ...
In other words, if you invest money in a callable CD, you are unable to access the funds early without incurring an early withdrawal penalty. Read more: Compare today’s best CD rates from Bankrate. How do callable CDs work? Callable CDs function similarly to traditional CDs in that you ...
Learn how to open a CD account, compare the different types of CDs, and utilize the features. Get started today and secure your financial future with confidence.