Federal Reserve Rate Cut Affects CD Rates

This is a news story, published by Yahoo Finance, that relates primarily to Federal Reserve news.

News about interest rates

For more interest rates news, you can click here:

more interest rates news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about

deposit account rates

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest higher interest rates news, interest rates news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Best CD rates today

Yahoo Finance

•

CD rates today, January 6, 2025 (Lock in up to 4.25% APY)

Summary

Nutrition label

79% Informative

Federal Reserve reduced its target interest rate three times in 2024 .

Now could be your last chance to lock in today 's high rates with a certificate of deposit (CD) Today 's highest CD rate is 4.25% APY , offered by Marcus by Goldman Sachs on its 1-year CD.

Online banks offer more competitive rates compared to brick-and-mortar banks.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech