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Stock impact report

Best CD Rates Today -- Last Call for High APYs? CD Rates Are Slowly Dropping, April 8, 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 is expected to cut rates later this year, so today's APYs are likely the best you'll get all year. Locking in a high rate now can help you earn more if rates drop in the future. Interest rates for certificates of deposit have been slowly inching down from their record highs in 2023 -- but they're still attractive. Today's top CDs offer annual percentage yields, or APYs, as high as 5.35%, based on the banks we track at CNET. That's more than three times the national average for some terms. What we like most about investing in a CD is that you lock in your APY when you open an account, which can protect your earnings from future rate drops. “CD rates have held up nicely,” said Faron Daugs , CFP, founder and CEO at Harrison Wallace Financial Group . “[Today's] rates allow an investor to collect reasonable interest with dollars that might otherwise be idly sitting in low-interest savings accounts.” Experts recommend comparing rates before opening a CD accoun Show less Read more
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