Key Takeaways
- Today’s best CDs offer APYs as high as 5.25%.
- The Fed is expected to cut rates at next week’s meeting in response to cooling inflation.
- The sooner you open a CD, the greater your earning potential is likely to be.
If you’re thinking of opening a certificate of deposit, now’s the time to act. With inflation showing signs of cooling, the Federal Reserve is expected to lower interest rates at its upcoming Sept. 17-18 meeting. That means that CD rates — which have been falling for weeks — are likely to fall even further.
Today’s best CDs offer annual percentage yields, or APYs, as high as 5.25%. And by opening one today, you can lock in your APY and protect your earnings from additional rate drops. But the longer you wait, the lower the APY you may be able to score.
Today’s best CD rates
These are some of the highest CD rates…
