All articles tagged with #cd interest rates
A $25,000 CD account in 2026 could earn between $246 and $1,025 in interest, depending on the term and rate, offering a safe way to grow savings with fixed returns, while also considering high-yield savings accounts for more flexibility.
In August 2025, a $50,000 CD can earn between approximately $529 and $11,273 depending on the term and rate, making it a safe and predictable investment option amid uncertain economic conditions, though other savings vehicles like high-yield accounts may also be considered.
Experts predict that CD interest rates are likely to hold steady in the near term, with a potential modest decrease in the summer if inflation falls and the Federal Reserve reduces its benchmark rate. It's suggested to consider locking in longer-term CD rates now, as rates may not be as attractive when today's short-term CDs mature and need to be reinvested if the Fed starts cutting rates as expected.
CD interest rates are currently at their highest in years, with rates over 5.5% available online. The Federal Reserve's upcoming meeting at the end of October may result in another rate hike, which could influence CD rates. Experts predict that CD rates will likely remain consistent or slightly higher for the remainder of 2023. Even a slight increase in CD rates can be beneficial for savers, especially for those making substantial deposits. CD rates are currently a good option for savers looking to protect and grow their money in the current rate environment.
Certificates of deposit (CDs) can offer higher interest rates for savers today, with short-term CDs often having higher rates than longer-term accounts due to the inverted yield curve. Online banks typically offer higher rates than traditional banks, and laddering CDs with varying term lengths can help maximize earnings while still saving for the long-term. Current national average CD rates as of June 5, 2023, include 1-year CD yield at 1.71% APY and 5-year CD yield at 1.22% APY, but top rates from various banks can reach up to 5.10% APY for 6-month CDs and 5.22% APY for 1-year CDs.