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Stock impact report

APYs Top 5% Ahead of the Holiday Weekend. Best CD Rates for Today, July 3, 2024 [CNET News]

Ally Financial Inc. (ALLY) 
Last ally financial inc. earnings: 4/20 07:30 am Check Earnings Report
US:NYSE Investor Relations: ally.com/about/investor
Company Research Source: CNET News
Your APY is locked in when you open a CD. With rate cuts expected in the coming months, the sooner you open a CD, the higher your earning potential could be. The clock is ticking on high certificate of deposit rates. Today's top CDs earn up to 5.35% annual percentage yield, or APY -- but with rate cuts on the horizon, it's only a matter of time before these APYs are a thing of the past. Experts expect the Federal Reserve will lower the federal funds rate in the coming months, which means banks will start lowering their CD rates too. So if you've been thinking of opening a CD, now's the time to lock in a great APY while you still can. “I would recommend consumers open a CD in today's environment knowing that the future rates will more than likely be lower than they are today,” said Dana Menard, CFP, founder and lead financial planner at Twin Cities Wealth Strategies Experts recommend comparing rates before opening a CD account to get the best APY possible. Enter your informa Show less Read more
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