The CD Rate Boom: What's Behind the Numbers? The Federal Reserve's decision to keep interest rates elevated has sent shockwaves through the financial world, leaving deposit account rates in its wake.
This move has significant implications for ordinary savers. A recent glance at today's best CD rates reveals that consumers can lock in returns of up to 4.
2% APY with a two year or five year certificate of deposit from United Fidelity Bank. The national average CD rate stands at an impressive 1. 65%, its highest level in nearly two decades.