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Stock impact report

Best CD Rates Today, April 26, 2024: High APYs Won't Last Forever [CNET News]

First Internet Bancorp (INBK) 
Last first internet bancorp earnings: 4/22 04:52 pm Check Earnings Report
Company Research Source: CNET News
APYs have been falling for months, and experts expect this trend will continue. Opening a CD now can protect your earnings from future rate drops. A certificate of deposit can be an easy way to earn predictable returns and grow your savings faster . Your rate is fixed when you open a CD, so you'll earn the same amount of interest regardless of where rates go in the future. And with rates on the way down, the sooner you open an account, the higher the rate you can lock in. “CDs can be a smart investment in any rate environment,” said Dana Menard, lead financial planner at Twin Cities Wealth Strategies . “But with CD rates on the way down, if you've been thinking of opening an account, now is the time to act.” Today's top CDs have annual percentage yields, or APYs, as high as 5.35% -- more than three times the national average for some terms. But the clock is ticking. Experts recommend comparing rates before opening a CD account to get the best APY possible. Enter your inform Show less Read more
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