Maximize Savings with CDs Before Rates Drop
Update: 2025-12-20
Description
Federal Reserve rate cuts may lead to CD rate drops, making now a prime time to secure competitive rates. Top rates currently hover around 4.1% APY, with shorter-term CDs like Sallie Mae Banks 15-month (4.1%) and LendingClub Banks 8-month (4.1%) options leading the pack. Shopping online can yield better rates than traditional banks. For instance, a $1,000 one-year CD at 1.63% APY earns $16.42, while the same amount at 4% APY earns $40.74. Consider bump-up, no-penalty, jumbo, and brokered CDs for added flexibility and better yields. With more cuts expected, securing a solid CD now can help your savings grow.
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