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Stock impact report

Best CD Rates Today, Sept. 12, 2024: Lock in a High APY Before the Fed Drops Rates [CNET News]

First Internet Bancorp (INBK) 
Last first internet bancorp earnings: 4/22 04:52 pm Check Earnings Report
Company Research Source: CNET News
With a Fed rate cut looming, banks are slashing APYs. Opening a CD now locks in your APY and keeps your earnings high despite future rate cuts. If you want to maximize your earnings with a certificate of deposit, time is of the essence. CD rates are dropping by the day, and with the Federal Reserve expected to cut the federal funds rate next week, they're likely to only fall further. Today's best CDs offer up to 5.25% annual percentage yield, or APY -- more than double the national average for some terms. The longer you wait to open one, the lower your earning potential could be. Here's where you can score a top APY today and protect your money from additional rate drops. Today's best CD rates These are some of the highest CD rates today and how much you could earn by depositing $5,000 right now: Term Highest APY Bank Estimated earnings CommunityWide Federal Credit Union America First Credit Union; CommunityWide Federal Credit Union; Limelight Bank Community Show less Read more
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