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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
“The Federal Reserve raised interest rates at the fastest pace in 40 ... a camel-back look to the trend in CD yields.” CD rates from 2010 to 2020 ... graphs is based on historical data from ...
A History of Top CD Rates: 2010 to 2025 ... 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 ...
Image source: Getty Images. For most of 2024, certificates of deposit (CDs) had been offering their highest rates in decades. If you shopped around, you could get a CD with a 5.50% APY or higher.
Historically, CD rates have been relatively flat for the past decade; interest rates were at historic lows because of Fed rate cuts following the Great Recession. At the end of 2010, the average ...
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 ...
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