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Stock impact report

Best CD Rates Today -- Act Now to Snag an APY as High as 5.35%, May 8, 2024 [CNET News]

Ally Financial Inc. (ALLY) 
Last ally financial inc. earnings: 4/20 07:30 am Check Earnings Report
US:NYSE Investor Relations: ally.com/about/investor
Company Research Source: CNET News
Key takeaways You can earn up to 5.35% with today's top CDs. The future of CD rates is unclear following the Fed's latest rate decision. Wherever rates go next, opening a CD now allows you to lock in today's high APYs. A certificate of deposit is a great way to protect your earning potential in an uncertain rate environment. Your annual percentage yield, or APY, is locked in when you open a CD, so it stays the same regardless of where rates go in the future. And after the Federal Reserve's decision to pause rates for a sixth consecutive time last week, where rates will go next is anybody's guess. Today's top CDs boast APYs as high as 5.35% -- more than three times the national average for some terms. You're guaranteed that APY for the life of the CD, even if the Fed begins to cut rates later this year, as many experts expect it will. But with rates already on the way down, the sooner you open a CD, the higher the rate you could lock in. Experts recommend comparing rates b Show less Read more
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