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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.
Today's best rates of returns are found at FDIC-insured digital banks and online accounts paying out a limited promotion of up to 5.25% APY on a 10-month CD at Langley Federal Credit Union and up ...
A History of Top CD Rates: 2010 to 2024. ... Banks offered CD rates below 0.42%, a trend that persisted for several years as the economy recovered. ... CDs offer fixed interest rates for the ...
Today's best rates of returns are found at FDIC-insured digital banks and online accounts paying out a limited promotion of up to 5.25% APY on a 10-month CD at Langley Federal Credit Union and up ...
CD rates strongly correlate with the key interest rate set by the Federal Reserve, the U.S.'s central bank. Called the fed rate, it's the benchmark that affects rates on deposit accounts, loans ...
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