Federal Reserve has cut rates, now is a good time to lock in competitive CD rate.
From Yahoo Finance: 2025-04-05 06:00:00
The Federal Reserve has cut its federal funds rate three times in 2024, making it a good time to lock in a competitive CD rate before rates drop further. CD rates vary widely among financial institutions, so it’s important to shop around for the best rate. Today, Marcus by Goldman Sachs is offering the highest CD rate of 4.50% APY on its 14-month CD with a $500 minimum deposit. LendingClub also offers a 4.50% APY on its 10-month CD with a $2,500 minimum deposit. The amount of interest earned from a CD depends on the annual percentage rate (APY) and how often interest compounds. Consider different types of CDs like Bump-up, No-penalty, Jumbo, or Brokered for added benefits beyond the traditional CD.
Read more at Yahoo Finance: CD rates today, April 5, 2025 (best account provides 4.50% APY)