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The Federal Reserve increased interest rates to combat inflation, causing CD rates to surge — they started at around 4% in 1971 and reached nearly 13.5% by the end of 1979. The 1980s
Here’s a look at the historical ups and downs of CD rates and some background on rate fluctuations through the decades. CD rates in the 1980s The U.S. faced two recessions in the early 1980s.
CD rates are dropping but you can still grab up to 4.75% with today’s top CD rates. ... A History of Top CD Rates: 2010 to 2024 ... CDs offer fixed interest rates for the duration of their term ...
CD rates strongly track with the key interest rate set by the Federal Reserve, the U.S.'s central bank. This Fed rate is the benchmark that affects rates on deposit accounts, loans, mortgages ...
Some of the best CD rates today include, but are not limited to, Vibrant Credit Union, which offers the highest 6-month CD rate at 5.00% APY, and Dow Credit Union, which offers 4.75% APY on their ...
Data Source: The Ascent's Top CD Rate Page. Pre-Fed rates are from Aug 20, 2024, and current interest rates are from Oct. 16, 2024. Excludes brokered CDs.
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