Best CD Rates Today – APYs Hold at Up to 5.4% Following the Fed's Latest Decision, March 21, 2024 [CNET News]
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
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Source: CNET News
The Federal Reserve has elected to hold the federal funds rate steady once again. What does that mean for CD rates? Essentially: More of the same. The decision, announced after yesterday's March Open Market Committee Meeting, is the fifth time the Fed has paused rate hikes since July 2023. Since then, we've seen CD rates steadily dropping, although they still remain attractive. Top CDs currently offer annual percentage yields, or APYs, as high as 5.4%. But with many experts expecting the Fed to cut rates later this year, now's the time to open a CD if you've been thinking of doing so. Banks are likely to continue dropping rates in anticipation of future cuts, so the sooner you open a CD, the more interest you stand to earn. “We are likely in a level or soon-to-be declining interest rate environment, so if you are looking to add some higher-yielding, stable investment to your portfolio or cash reserve, then you should consider a CD soon,” said Faron Daugs , CFP, founder and CEO
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News
- First Internet Bancorp (NASDAQ: INBK) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $36.00 price target on the stock, up previously from $34.00.MarketBeat
- First Internet Bancorp (NASDAQ: INBK) had its price target lowered by analysts at Hovde Group from $38.50 to $38.00. They now have an "outperform" rating on the stock.MarketBeat
- Best CD Rates Today, April 26, 2024: High APYs Won't Last Forever [CNET News]CNET News
- How Much Can You Earn by Depositing $10,000 Into a CD? [CNET News]CNET News
- Best CD Rates Today -- Don't Sleep on APYs as High as 5.35%, April 25, 2024 [CNET News]CNET News
INBK
Earnings
- 4/24/24 - Beat
INBK
Analyst Actions
- 4/26/24 - Keefe, Bruyette & Woods
INBK
Sec Filings
- 4/24/24 - Form 8-K
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- INBK's page on the SEC website