Ever since the Federal Reserve began lowering the federal funds rate late last year, deposit account rates have been on the decline as well.
The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. Read on for a snapshot of CD rates today and where to find the best offers.
CD rates have remained high by historical standards, especially for shorter terms. For example, it’s possible to find rates of 4.00% APY or higher for terms of about one year and under. Although interest rates for longer-term CDs aren’t quite as high, the best available rates still hover near 3%-4% APY for terms of three years or more.
Today, the highest CD rate 4.35% APY, offered by LendingClub on its 10-month CD. A minimum opening deposit of $2,500 is required.
Here is a look at some of the best CD rates available today from our verified…
