Plus, you canbuild a simple CD ladderthat spreads your savings across multiple maturity dates to have regular access to your money while still locking in today's elevated rates. Or pair your CD with one of thebest high-yield savings accounts...
It's true that CD rates are no longer at their peak. But despite the pullback, the best CDs still offer a stellar return. October 2023 saw the best CD rates push above 6%, while today the leading rate is down to 5.50%. Compare that to early 2022, before the Federal Reserve embarked...
Top CD rates of January 2025 Sallie Mae certificates of deposit CD APY 12 month 4.10% CD APY 36 month 3.40% Minimum deposit requirement $2,500 Why it’s the best Sallie Mae has among the highest interest rates and customer satisfaction scores we found. Its current top rate is a...
Today's high CD rates are a perfect antidote to stubborn inflation, with rates available in every CD term that far out-earn the current inflation rate of 3.5%. By putting money into one of these top-paying CDs today, you can stay1 to 2 percentage points ahead of inflation. CD...
3 Year CD National Average: 0.75%? Advertiser Disclosure BANKAPY?MIN? KS StateBank 4.20%$500Learn More Rate History: 4.42% → 4.06% → 4.00% → 3.80% → 4.20% HonestReview| Apr 19, 2023 This bank was honest and I had no problems with them in person. Not everyone was equally competen...
Range of CD terms No monthly fee Higher renewal rate automatically added to one-, two- and three-year CD account renewals $1,500 minimum deposit You can't access your money before your CD term ends Early withdrawal penalty fee applies Doesn’t offer CD options beyond the traditional type No...
These two rate cuts have come after the Fed hiked its key benchmark rate 11 times in 2022 and 2023 to combat high inflation. For over a year, the federal funds rate remained at a level not seen since 2001. CD rates have been decreasing gradually throughout 2024, as banks anticipated Fed...
Here's a look at why rates will continue to dwindle in the months ahead and what good CD deals you can still scoop up. Starting in March 2022, the Federal Reserve raised thefederal funds rate11 times in an attempt to ease inflation. These interest rate hikes caused mortgage rates, credit...
LATEST BANKING ADVICE Banking Advice What Is a Good CD Interest Rate? ByJohn EganJan. 30, 2025 Credit Shop around at banks and credit unions to find the best rates on CDs. SEE ALL BANKING ADVICE»
Compare top CD rates today by term When you open a CD, selecting a term is an important step. The term is the length of time that the money stays stashed in the account. For example, opening a CD with a one-year term means you’re making a commitment to the bank that you’ll ke...