Reported 7 months ago
CD rates are currently offering high returns, with rates exceeding 5% APY for shorter terms like one year. Longer-term CDs may offer slightly lower rates, around 4% to 5% APY for terms of two years or more. Online banks and credit unions are known for offering competitive CD rates due to lower overhead costs and profit-sharing practices. While CDs are secure and provide stable returns, they may not offer the growth potential of market investments for long-term goals.
Source: YAHOO