Best CD Rates in the US
Posted by admin in : Bank CD Rates , add a commentShort-term Certificates of deposit have continued to drop. Our high 1-year at 2.50% dropped to a 2.00%. The next highest rate, 2.35% APY, held for a week, but then dropped below 2.00%. Some of the big boys have continued to adjust rates down. Some long-term rates have inched up a bit. At the beginning of the month we had a 5-year CD at 3.70% APY. It stands today at 3.80% APY. Of course, 5-year CDs may not be the best idea right now unless you have a great ladder or the penalty is low for closing the CD early. The other side of the coin, we just don’t know when the rates will be increasing. The Fed is talking like it could be a while.
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