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.
When you are choosing a CD, you can compare different features to narrow down the best fit. For example, consider how much money you want to deposit and see if the bank's minimum opening deposit ...
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This development will likely result in lower CD yields, just as the Fed’s decision to hike rates throughout 2022 and 2023 to stymie inflation led to yields increasing. While average CD rates ...