12 Best CD Rates Of April 2024: Up To 5.30% – Forbes Advisor
https://www.forbes.com/advisor/banking/cds/best-cd-rates/
What Is A Certificate of Deposit?How Do CDs Work? CD rates are set like other banking rates. Banks and credit unions often use an index rate, typically the federal funds rate (also known as the “fed rate”), as a base to set rates for all interest-bearing accounts. When the fed funds rate rises, banks and credit unions will generally increase the interest rates on accounts like savings and CDs. Whe...
CD rates are set like other banking rates. Banks and credit unions often use an index rate, typically the federal funds rate (also known as the “fed rate”), as a base to set rates for all interest-bearing accounts. When the fed funds rate rises, banks and credit unions will generally increase the interest rates on accounts like savings and CDs. Whe...
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