CD Rates Soar in 2024: Leaders Pay Up to 6.00%
TL;DR Summary
CD interest rates are unlikely to increase in 2024 and may actually drop. The future of CD rates will depend on factors such as inflation, benchmark interest rates, Treasury yields, and the needs of individual banks. While the combination of these factors led to elevated rates in 2023, it is unclear what will happen in 2024. Therefore, it is advisable to lock in a high CD rate now to take advantage of the current high rates.
- Will CD rates go higher in 2024? CBS News
- Top CDs Today: Leaders Pay 6.00%, 5.88%, and 5.80%—or 5.85% for a Jumbo Investopedia
- Best Texas CD rates for December 2023 Fortune
- Top CD Rates Today: Nov. 28, 2023 — Rates Up To 5.75% Bankrate.com
- 5 5-year CD rates offering at least 4.5% yield CBS News
- View Full Coverage on Google News
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