Cd rates will rise or fall depending on how the fed interprets its ability to manage interest rates without damaging the economy. In fact, some of the best cd accounts have interest rates of over 5% currently.
The median expectation is now three rate cuts by the end of 2024, totaling a reduction of 0.75%. *weekly percentage increase/decrease from june 10, 2024, to june 17, 2024.
Learn More About Where Rates Are Headed In Our Cd.
Will cd rates be dropping in 2024?
Based On The Banks We Track At Cnet.
*weekly percentage increase/decrease from june 10, 2024, to june 17, 2024.
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In Fact, Some Of The Best Cd Accounts Have Interest Rates Of Over 5% Currently.
But it only allows a maximum deposit of.
As Of Today, The Best Interest Rates On Cds—Certificates Of Deposit—Pay Up To 5.40%, Based On Certificate Term Lengths.
The median expectation is now three rate cuts by the end of 2024, totaling a reduction of 0.75%.