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Stock impact report

Best CD Rates Today – Don't Wait to Snag an APY as High as 5.5%, April 18, 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
Your rate is locked in when you open a CD. With rates on the way down, acting now can protect your earnings against future drops. A certificate of deposit can be a great, low-risk way to earn guaranteed interest on your savings. But all CDs aren't created equal. Annual percentage yields, or APYs, can vary greatly from bank to bank, so knowing where you can find the best rate for your savings timeline is essential. Today's top CDs boast APYs up to 5.35%, which is more than three times the national average for some terms. And since your APY is locked in when you open the account, the sooner you open a CD, the more interest you stand to earn. Experts expect rates will drop in the coming months. “I anticipate that CD rates will be heading down over the next few quarters,” said Faron Daugs , CFP, founder and CEO at Harrison Wallace Financial Group . “Given the expectation that the Federal Reserve will cut rates a couple of times this year, CD rates will follow those reductions, to Show less Read more
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