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Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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