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Stock impact report

Best CD Rates Today – Don't Sleep on These High Rates, May 6, 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
Where rates will go next is unclear after the Fed paused rate hikes for a sixth consecutive time last week. Opening a CD today allows you to lock in today's high APYs and protect your earnings from rate drops when they do occur. Have certificate of deposit rates peaked? While experts have been predicting rate cuts later this year, the number and timeline of these cuts are harder to predict after the Federal Reserve's decision to hold rates steady last week. At its April/May Federal Open Market Committee meeting, the Fed elected to maintain the target federal funds range of 5.25% to 5.50%, citing “a lack of further progress” in curbing inflation. This is good news for savers who want to lock in a great rate on a CD. But it also leaves the future of CD rates unclear. So, if you want to lock in today's still-high rates, now's the time to act. Top CDs currently offer annual percentage yields, or APYs, as high as 5.35%. But rates can vary significantly from bank to bank, so it's e Show less Read more
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