12/11/2023 0 Comments 3 year cd interest rates![]() To be eligible for our rankings, the institution must be federally insured ( FDIC for banks, NCUA for credit unions) and must offer CDs with a minimum initial deposit of $25,000 or less. To help you find the top 5-year CD rates to maximize your earnings, we regularly research and rank the rates from about 200 banks and credit unions that offer CDs to customers nationwide. CD rates closely follow the fed funds rate, so if the Fed implements a further increase, that could nudge CD rates higher still. ![]() 1-after 11 hikes in the previous 12 meetings-it has indicated that an additional increase is still on the table. ![]() Though the Fed held its benchmark rate steady for a second consecutive meeting on Nov. Today’s CD rates are higher than we’ve seen in more than 20 years, pushed up by the Federal Reserve’s rate-hike campaign that began in March 2022 to tame decades-high inflation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |