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Stock impact report

High APYs May Not Be Around Much Longer Following Fed Rate Cut. Today's CD Rates, Dec. 19, 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
The sooner you open a CD, the higher the rate you may be able to lock in. Yesterday, the Federal Reserve cut interest rates by 25 basis points, as most experts expected it would. This marks the third time the Fed cut rates this year, and after its last two rate cuts, we saw certificate of deposit rates drop significantly. You can still find top CDs earning as much as 4.70% -- more than twice the national average rate for some terms. But with this latest rate cut and more expected for 2025, now's the time to lock in your APY. Chances are you won't be able to find rates this good if you wait too long. Here are some of the highest CD rates right now and how much you could earn by depositing $5,000. Today's best CD rates 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. Why CD rates are likely to fall following the Fed's latest move The Fed meets for a fin Show less Read more
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