National CD Rates Remain Steady, but Online Banks Lead the Way in High Returns.
The current state of certificate of deposit (CD) rates remains relatively steady, with a slight decrease compared to recent years. However, investors seeking high returns can still find competitive options online, particularly from institutions without physical branches.
At present, top 1-year CD rates hover around 4.10%, with Limelight Bank and Alliant Credit Union among the highest-paying options. For longer terms, such as 3-year CDs, rates are slightly lower, ranging between 3.90% to 3.95%. Five-year CDs yield a paltry 3.87%.
While rates may be higher for shorter-term CDs compared to their longer-term counterparts due to an inverted yield curve, there is still value in investing in these accounts. By using strategies such as 'laddering' CDs with varying term lengths, investors can potentially balance the trade-off between higher returns and liquidity needs.
If you're looking to boost your savings with a competitive CD rate, consider comparing top rates from online banks, which often outperform traditional institutions due to lower operational costs.
The current state of certificate of deposit (CD) rates remains relatively steady, with a slight decrease compared to recent years. However, investors seeking high returns can still find competitive options online, particularly from institutions without physical branches.
At present, top 1-year CD rates hover around 4.10%, with Limelight Bank and Alliant Credit Union among the highest-paying options. For longer terms, such as 3-year CDs, rates are slightly lower, ranging between 3.90% to 3.95%. Five-year CDs yield a paltry 3.87%.
While rates may be higher for shorter-term CDs compared to their longer-term counterparts due to an inverted yield curve, there is still value in investing in these accounts. By using strategies such as 'laddering' CDs with varying term lengths, investors can potentially balance the trade-off between higher returns and liquidity needs.
If you're looking to boost your savings with a competitive CD rate, consider comparing top rates from online banks, which often outperform traditional institutions due to lower operational costs.
. Those rates are pretty much stagnant. I mean, I get that the yield curve is inverted and all that jazz, but can't we expect a bit more growth from our investments? On the other hand, I think online banks are doing some awesome things here. If you're looking for high returns without having to deal with physical branches, they seem like the way to go 
. And laddering CDs is a genius strategy - it's all about finding that balance between returns and liquidity needs. Plus, it's not like anyone's losing out on super high interest rates... unless you're looking at those 5-year CDs, I guess 
but I guess they're still good for those who need a steady return. 4.10% ain't bad at all... I just wish I could get that kind of interest on my savings account lol! The thing is, online banks are killing it with high returns 
. Laddering CDs is like a strategy or something? 
. And yeah, laddering CDs can work, but it's not for the faint of heart... or patience 
. I'd rather get a decent return on my savings from something other than a CD... maybe a high-yield savings account? 
and i'm so glad i did!!! the 4.10% interest is insane 
especially since i can withdraw my money after 6 months without penalty 
its like having my cake and eating it too... or in this case, getting high returns on my savings 
I feel like people are still being super cautious about saving money after all these years 
That being said, laddering CDs with different term lengths is actually a pretty solid strategy... 
It just depends on your personal needs and risk tolerance. Maybe online banks are leading the way in terms of competitive rates, but only if you know what you're doing.
Can we just agree that high returns aren't always the best thing?
... I mean, 4.10% is decent, but not exactly lighting the fire under my savings account 
. And don't even get me started on the longer terms - 3.87%? That's like throwing money out the window 
. And laddering those CDs is a genius move – I wouldn't have thought of that before 
. Online banks leading the way in high returns is kinda cool, though - like a secret sauce that only us smart investors know about 
. So, apparently the CD rates are still pretty stable? 4.10% is not bad, I guess... but 5-year CDs at 3.87% is kinda low 
