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Key takeaways. Today’s leading APY on a CD is 5.50%, offered on a three-month term. Around 3 dozen widely available CDs pay 5.00% or higher, and most are offered from online banks and credit unions.
At the conclusion of its third rate-setting policy meeting of 2024 on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking the ...
The best CD rates for April 3, 2024. The highest CD rates can be found at FDIC-insured digital banks and online accounts that have lower overhead costs, passing along the savings in the form of ...
Today’s top CD rate is 5.51% APY, with a term of one year. ... bringing the federal funds rate to its current target range of 5.25-5.5 percent. Along with these rate hikes, average CD APYs rose ...
All the CDs included are insured by either the Federal Deposit Insurance Corp. (FDIC) for banks, or the National Credit Union Association (NCUA) for credit unions. CD rates from 2022 to 2024
The best CD rates for March 13, 2024. Digital banks and online accounts continue to offer the highest CD rates and terms with yields that far exceed the FDIC’s national average CD annual ...
National average CD yields rose steadily in 2023, as the Federal Reserve continued to hike interest rates at the fastest pace since the 1980s. In all, Fed officials increased rates 11 times ...
In all, Fed officials increased rates 11 times between 2022 and 2023, bringing the federal funds rate to its current target range of 5.25-5.5 percent. Along with these rate hikes, average CD APYs ...