“If the CD pays 5% and rates drop, and CD rates go to 3%, the bank doesn’t want to pay 5% anymore. They’re also receiving lower rates (on money they lend) than before.

The days of earning 5% or more on nearly risk-free certificates of deposit (CDs) are coming to an end, but for some, they could be ending even sooner than expected as banks and other financial ...

Investing in CDs Is Not Exciting — but It’s a Great Move Right Now. By Mary Ellen Cagnassola MONEY RESEARCH COLLECTIVE. December 7, 2023. ... (APYs) on some CDs upwards of 5% in 2023.

Opening a no-penalty CD now will help you lock in a great rate while still having liquidity. The Federal Reserve is expected to lower its rates at its next meeting on September 17 and 18.

Callable CDs are great, until the bank wants it back. What to do if that happens. Medora Lee, USA TODAY . Updated Mon, Oct 14, 2024, 11:58 AM 4 min read.

Rates vary by institution and term length, but prior to the period of soaring inflation that began in mid-2021, you would be lucky to find a CD with an APY as high as 3%. Ads by Money. We may be ...