Reported 2 months ago
As of August 1, 2024, certificate of deposit (CD) rates are notably high, with top short-term offers around 5.00% APY and some longer-term options at approximately 4% APY. Despite recent increases due to Federal Reserve actions against inflation, experts predict these rates may decrease soon. Those interested in opening a CD should compare rates across institutions and be prepared with necessary documentation to streamline the application process.
Source: YAHOO