CD Rates Soar, Offering Over 5% Returns for Savers

With experts predicting stable rates through 2024, now is the ideal time to secure a high-yield Certificate of Deposit.

Certificates of Deposit (CDs) are interest-earning bank accounts that require keeping money locked in for a set period.
CD rates are influenced by the federal funds rate, with current rates exceeding 5% for terms of 9 months or more.
Federal insurance protects deposits up to $250,000 per depositor, per account category, making CDs a low-risk savings option.
Experts predict CD rates may not increase in 2024, making it an opportune time to lock in current high rates.
CDs offer fixed interest rates, providing a guaranteed return on investment over the term.