"Comparing Future Earnings: CD vs. High-Yield Savings in 2024"

With interest rates at a 23-year high, opening a 10-year CD at 4% could earn you anywhere from a few hundred to several thousand dollars, depending on the deposit amount. As the Federal Reserve is expected to reduce its benchmark interest rate in the near future, locking in a high CD rate now guarantees returns for the next decade. CDs offer safety with FDIC deposit insurance and predictable returns, making them a compelling investment option amidst economic uncertainty.