Best CD Rates Today, Sept. 19, 2024: The Fed Cut Rates. What This Means for CD Rates You Can Grab Now [CNET News]
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
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US:NASDAQ Investor Relations:
firstinternetbancorp.com/tearsheet.aspx?iid=4112285
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Source: CNET News
Key Takeaways The Fed lowered rates after holding them steady for eight straight meetings. Banks could follow suit by lowering CD rates for all term lengths. Waiting to open a CD could mean you won't earn as much interest on your savings. Short-term CDs have rates as high as 5.10% APY. There's still time to lock in certificate of deposit rates as high as 5.10% for six months, but time is winding down. The Federal Reserve cut the federal funds rate yesterday for the first time since 2020. Historically, we've seen CD rates generally move in the same direction whether the Fed raises or lowers interest rates. Banks could start lowering rates in the coming weeks or even days. Some already have. Today's best CDs offer annual percentage yields as high as 5.10% -- more than double the national average for some CD terms. APYs have seen small dips over previous weeks and are expected to fall further now that the Fed has made its decision. We don't recommend waiting until the Fed'
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INBK
Earnings
- 10/23/24 - Miss
INBK
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 10/31/24 - Form SC
- INBK's page on the SEC website