- Today’s top CDs offer APYs up to 4.75%.
- APYs have fallen as a result of recent Fed rate cuts, and another cut may be around the corner.
- The sooner you open a CD, the higher the APY you may be able to lock in – and the more interest you could earn.
A certificate of deposit can be a great way to enjoy guaranteed returns on your money. But in a fall-rate environment like today’s, it can be especially valuable.
Annual percentage yields, or APYs, on CDs have fallen steadily since the Federal Reserve cut interest rates at its last two meetings. And with another rate cut on the table for December, they may keep falling in the coming months. So the sooner you open a CD, the higher the APY you may be able to get — and the greater your earning potential could be.
Today’s best CDs offer APYs as high as 4.75% APY. And since your APY is locked in when you open a CD, your returns won’t go…
