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Stock impact report

Protect Your Earnings From Falling APYs With These Top Accounts. Today's CD Rates, Nov. 21, 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
By opening a CD now, you can lock in today's high APYs and maximize your earning potential. There's still time to lock in a great rate on a certificate of deposit. The sooner you act, the more interest you could earn. Today's best CDs offer up to 4.75% annual percentage yield. APYs have been falling since the Federal Reserve cut rates at its last two meetings, and another cut is possible when it reconvenes in December. That means APYs are likely to continue their downward trend. Fortunately, by opening a CD now, you can lock in a still-high rate and protect your earnings from additional cuts. Here are some of the highest CD rates today and how much you could earn by depositing $5,000 right now: Today's best CD rates Why CD rates are falling The Fed's actions play a big part in where banks set their CD rates. The federal funds rate determines how much it costs banks to borrow and lend money to each other. When the Fed raises this rate, banks tend to raise their APYs on con Show less Read more
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