Maximize CD Rates: Top Picks & Strategies

CD rates are plummeting, but you can still secure solid returns with short-term certificates offering up to 4.5% APY. Sallie Mae Bank and LendingClub Bank lead with 4.1% on 15-month and 8-month terms, respectively. The Federal Reserves recent rate cuts have pushed CD yields lower, but savers are snapping them up to protect against further drops. Historically, longer terms paid more, but todays 12-month CDs top the pack, indicating a flattening yield curve. When choosing a CD, match the term to your needs and watch for early withdrawal penalties. Online banks often offer higher rates and no minimums. Shop around now for rates above 4% before they dip further.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.