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At the end of 2010, the average 12-month CD rate was 0.53%. By 2012, it had fallen to 0.23% and remained around that level through 2017. When the pandemic hit in early 2020, rates fell to rock bottom.
After the CD reaches maturity, they allow you to reinvest your money in a higher-rate CD if rates rise soon. Right now, shorter terms tend to offer higher rates than longer terms, but this can change.
After increasing the target interest rate 11 times from March 2022 to July 2023 in an effort to combat the highest inflation in four decades coming out of the pandemic, the Federal Reserve ...
September 18, 2024: Fed lowers benchmark rate for first time since March 2020. At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve ...
Lock in today's best rates in decades on certificates of deposits on a range of CD terms — from 6 months to 5 years. Best CD rates today: Act fast to secure guaranteed APYs of 4.5% and higher ...
September 18, 2024: Fed lowers benchmark rate for first time since March 2020. At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve ...
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