Commissions do not affect our editors' opinions or evaluations. After climbing for the past couple of years, CD rates have been slowly declining in 2024. CD rates tend to track the federal funds rate.

Currently, the best 1-year CD rates are some of the best rates you can get on CDs in general. The best CD rate for a 12-month CD term right now is 4.55% APY from Credit Human Federal Credit Union.

Interest rates for certificates of deposit are in a different place than they were just 12 months ago. That’s because following three consecutive funds rate cuts from the Federal Reserve at the ...

A CD can be a great savings option if you're looking to lock money away for a few months or years. While these fixed-interest accounts have an early withdrawal penalty to consider, they often ...

Lauren Graves is an educator-turned-editor specializing in personal finance content. She seeks to make complicated topics easier to understand and less intimidating to the average reader with ...

But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate. However, strong current returns aren't the only ...

If you’re looking for a secure place to store your money and earn interest, a high-yield certificate of deposit (CD) could be a good option. These accounts require you to keep your money on ...

With three back-to-back Fed rate cuts behind us in 2024 and two more expected in 2025, the year's highest CD rates have started dropping. But you haven't yet missed your chance to lock in solid ...

A no-penalty certificate of deposit is a type of CD that charges no fee for withdrawing money before the term expires. It offers more flexibility than other CDs. Strict editorial guidelines to ...

If you click on links we provide, we may receive compensation. Synchrony Bank offers CD accounts with APYs as high as 4.25% Michelle Lambright Black is an expert on credit reporting, credit ...

Mandy is a personal finance contributor to Newsweek’s personal finance team. She started out as a licensed insurance agent in 2005 and began her freelance writing career in 2018. Mandy uses her ...