Reported 11 months ago
Today's certificate of deposit (CD) interest rates are currently competitive, with the highest rates available for shorter terms of about one year providing around 5.00% APY. Longer-term CDs of two years or more offer rates closer to 4% to 4.5% APY. The article discusses how CD rates have changed historically with a focus on annual percentage rate (APY) and explains different types of CDs beyond traditional ones, such as bump-up CDs, no-penalty CDs, jumbo CDs, and brokered CDs.
Source: YAHOO