CD Rates Drop, But Still Offer Solid Returns: Lock in Now!CD rates are falling, but you can still secure attractive returns with certificates of deposit. The best CDs currently offer rates above four percent, significantly better than regular savings accounts. Marcus by Goldman Sachs leads with a four percent rate on a one-year CD. Short-term options from six to twelve months range from four to four point five percent.The federal funds rate has been cut three times this year, following eleven hikes in 2022-2023 to combat inflation. Rates plummeted after the 2008 financial crisis, reaching one percent for one-year CDs by 2009. They remained low until the post-pandemic surge.Savers are capitalizing on these rates, but the recent decline has prompted many to lock in before they drop further. CDs provide a safe, low-risk option for preserving earning power. However, early withdrawal penalties apply.Online banks and credit unions often outperform big banks due to lower costs and federal insurance. The yield curve is flattening, with twelve-month terms surpassing longer ones amid economic uncertainty. Promotional CDs can reach up to four point seven five percent, and top picks across six-month, one-year, and eighteen-month terms offer four point one percent. Seven banks offer no-minimum deposit options.Consider your financial goals, term length, and inflation when choosing a CD. Shop around online banks for the best deal, check fees and penalties, and weigh the benefits of rolling over at maturity versus breaking early. CDs remain a smart, safe investment choice currently. Checkout Solipillow.com

The Daily News Now! — Every city. Every story. AI-powered.

---

Hosted on Acast. See acast.com/privacy for more information.