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Stock impact report

Best CD Rates Today – High APYs Hang on the Fed's Decision, June 12, 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
Key takeaways Today's top CDs earn up to 5.35% APY. The Fed will likely pause rates at its meeting today, but cuts could happen as soon as July. Your APY is locked in when you open a CD, so opening one now can protect your earnings from future rate cuts. All eyes are on the Federal Reserve as it meets this week to determine where interest rates will go next. Currently, top CDs offer up to 5.35% annual percentage yield, or APY -- more than three times the national average for some terms. But you may be running out of time to snag one of these high rates. All signs point to the Fed announcing another rate pause this afternoon, but some experts believe cuts could begin as early as next month. So, now's the time to open one of today's high-yielding CDs and lock in a great APY while you still can. Experts recommend comparing rates before opening a CD account to get the best APY possible. Enter your information below to get CNET's partners' best rate for your area. Today's Show less Read more
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