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Stock impact report

May 8, 2024: Highest CD Rates Today: Earn 5% Or More [Forbes]

Synchrony Financial (SYF) 
Last synchrony financial earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: Forbes
CD ladders let you leverage high rates without locking up all of your money long-term. As of today, the best interest rates on CDs—certificates of deposit—pay up to 5.40%, based on certificate term lengths. Here's an overview of how CD rates are changing, followed by a guide to the current top CD rates across different terms. Related: Compare the Best CD Rates Highest CD Rates Today See More See Less A CD is similar to a savings account, but the interest rate is fixed—not variable. The other major difference is that you'll typically only earn interest on a CD account if you refrain from withdrawing funds during the term. That term could range from a few weeks to several years, depending on the CD you choose. If you withdraw money from your CD before it “matures” (reaches the end of its term), you'll likely get hit with steep penalties in the form of reduced interest. For instance, you may forfeit six months' worth of interest if you withdraw money from a one-year CD befor Show less Read more
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