Why This Weekend Is an Especially Good Time to Open a CD

Investopedia12-14

Key Takeaways The Federal Reserve will meet this week to decide whether to change its benchmark interest rate on Wednesday. A cut is widely expected, which means the best CD rates could move lower ...

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A cut is widely expected, which means the best CD rates could move lower ...</p>\n\n<a href=\"https://www.investopedia.com/why-this-weekend-is-an-especially-good-time-to-open-a-cd-8761417\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why This Weekend Is an Especially Good Time to Open a CD</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy This Weekend Is an Especially Good Time to Open a CD\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-14 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/why-this-weekend-is-an-especially-good-time-to-open-a-cd-8761417><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\n\nThe Federal Reserve will meet this week to decide whether to change its benchmark interest rate on Wednesday. A cut is widely expected, which means the best CD rates could move lower ...</p>\n\n<a href=\"https://www.investopedia.com/why-this-weekend-is-an-especially-good-time-to-open-a-cd-8761417\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4116","symbol_name":"互联网服务与基础架构","start_time":0,"source_url":"https://www.investopedia.com/why-this-weekend-is-an-especially-good-time-to-open-a-cd-8761417","article_id":"2491456524","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/pFb3IZ8aVNuR67r49mlFFsQ6N8g=/3471x2160/filters:no_upscale():max_bytes(150000):strip_icc()/6Sat-stockbusters-7b8223db11e545c8851a5fcbde014052.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491456524","pubTimestamp":1734174000,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"The Federal Reserve will meet this week to decide whether to change its benchmark interest rate on Wednesday. A cut is widely expected, which means the best CD rates could move lower next week.The top nationwide rate remains 5.50% on an 8-month CD from Nuvision Credit Union, while the runner-up is a 7-month certificate from Alabama Credit Union, paying 5.00% APY. Either of these CDs would lock in your return until summer.Longer CDs are also smart, as they will guarantee your rate until 2026, 2027—or even 2029. For instance, Signature Federal Credit Union's 13-month CD guarantees its 4.65% rate until January 2026.With online banking, you can apply for any of these CDs on the weekend, which might be easier than trying to fit it in during the week. Though your application likely won't be processed over the weekend, the bank or credit union will have it Monday morning, and you won't have to worry about applying during busy work or s","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4116":"互联网服务与基础架构","CD":"秦淮数据"},"translate_title":"为什么这个周末是打开CD的特别好时机","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CD":1,"US10Y.BOND":0.9,"US12M.BOND":0.9,"US2Y.BOND":0.9,"US30Y.BOND":0.9,"US3Y.BOND":0.9,"US5Y.BOND":0.9,"US6M.BOND":0.9,"US7Y.BOND":0.9},"content_text":"Key Takeaways\n\nThe Federal Reserve will meet this week to decide whether to change its benchmark interest rate on Wednesday. A cut is widely expected, which means the best CD rates could move lower next week.\nThe top nationwide rate remains 5.50% on an 8-month CD from Nuvision Credit Union, while the runner-up is a 7-month certificate from Alabama Credit Union, paying 5.00% APY. Either of these CDs would lock in your return until summer.\nLonger CDs are also smart, as they will guarantee your rate until 2026, 2027—or even 2029. For instance, Signature Federal Credit Union's 13-month CD guarantees its 4.65% rate until January 2026.\nThough CD rates have softened in 2024, they still offer historically high returns. So move quickly on any CD offer you like, as the upcoming Fed news could leave you with lower-paying options next week.\n\n The full article continues below these offers from our partners.\n\n\n\n\n  What's Happening Next Week—And Why You Should Open a CD Sooner Rather Than Later  \n The next Federal Reserve meeting is just a few days away, and as usual, its rate-setting decision could impact CD returns. Right now, traders are pricing in a 90-95% chance the Fed will cut its benchmark interest rate a quarter-point on Wednesday, according to the CME Group's FedWatch Tool. That's after the Fed reduced the federal funds rate by a half point in September and a quarter point in November.\n\n\n What the Fed does with the fed funds rate is important to savers because that benchmark rate influences what banks and credit unions are willing to pay on savings, money market, and certificate of deposit (CD) accounts. Indeed, the Fed's historic 2022-2023 rate-hike campaign to combat post-pandemic inflation caused CD rates to surge to 20-year highs late last year—reaching above 6%.\n\n\n However, inflation has now cooled, and the Fed has shifted to a rate-cutting phase. That has nudged CD rates a bit lower, with the top nationwide rate now 5.50%. Still, these are historically high returns, making CDs an attractive option for some of your cash savings.\n\n\n But with additional Fed rate cuts expected—both next week and in the new year—the days of 4%–5% CD returns are probably numbered. That makes today's top CDs a smart move right now, letting you protect your earnings from whatever rate cuts the Fed makes in the next year or two.\n\n\n Additionally, it's wise to consider the longest CD term you can manage since any CD rate you lock in now is yours to enjoy until it matures. For instance, opening a 2-year CD can guarantee you'll earn a high rate as far into the future as December 2026. And 3-, 4-, and 5-year CDs will secure your stellar return even longer.\n\n\n\nWith online banking, you can apply for any of these CDs on the weekend, which might be easier than trying to fit it in during the week. Though your application likely won't be processed over the weekend, the bank or credit union will have it Monday morning, and you won't have to worry about applying during busy work or school hours.\n  The Top CD Rates You Can Lock in Right Now  \n Every business day, we track the certificate of deposit rates available from more than 200 banks and credit unions that offer nationwide certificates. Act now to lock in an exceptional return that will pay dividends for months or years into the future.\n\n\n\n\n  Top 3 Nationwide CD Rates in Each Term - As of Dec. 13, 2024  \n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTop 6-Month CDs\nAPY\nTerm\nMinimum\n\n\nNuvision Credit Union\n5.50%\n8 months\n$1,000\n\n\nAlabama Credit Union\n5.00%\n7 months\n$5,000\n\n\nTampa Bay Federal Credit Union\n4.85%\n9 months\n$500\n\n\nTop 1-Year CDs\nAPY\nTerm\nMinimum\n\n\nSignature Federal Credit Union\n4.65%\n13 months\n$500\n\n\nDow Credit Union\n4.60%\n13 months\n$500\n\n\nGTE Financial\n4.59%\n12 months\n$500\n\n\nTop 18-Month CDs\nAPY\nTerm\nMinimum\n\n\nXCEL Federal Credit Union\n4.50%\n18 months\n$500\n\n\nAll In Credit Union\n4.44%\n18 months\n$1,000\n\n\nSignature Federal Credit Union\n4.40%\n18 months\n$500\n\n\nTop 2-Year CDs\nAPY\nTerm\nMinimum\n\n\nCredit Human\n4.30%\n18-23 months\n$500\n\n\nFirst National Bank of America\n4.29%\n24 months\n$1,000\n\n\nGenisys Credit Union\n4.27%\n25 months\n$500\n\n\nTop 3-Year CDs\nAPY\nTerm\nMinimum\n\n\nCredit Human\n4.25%\n24-35 months\n$500\n\n\nPopular Direct\n4.25%\n36 months\n$10,000\n\n\nMerrick Bank\n4.15%\n36 months\n$25,000\n\n\nTop 4-Year CDs\nAPY\nTerm\nMinimum\n\n\nPopular Direct\n4.15%\n48 months\n$10,000\n\n\nCredit Human\n4.11%\n36-59 months\n$500\n\n\nNASA Federal Credit Union\n4.09%\n49 months\n$10,000\n\n\nTop 5-Year CDs\nAPY \n Term\nMinimum \n\n\nPopular Direct\n4.25%\n60 months\n$10,000\n\n\nCredit Human\n4.11%\n36-59 months\n$500\n\n\nMerrick Bank\n4.05%\n60 months\n$25,000\n\n\n\nTo qualify for our rankings, banks and credit unions must be federally insured by the FDIC or the NCUA.\n\nDaily Rankings of the Best CDs and Savings Accounts\nWe update these rankings every business day to give you the best deposit rates available:\nBest 3-Month CD Rates\nBest 6-Month CD Rates\nBest 1-Year CD Rates\nBest 18-Month CD Rates\nBest 2-Year CD Rates\nBest 3-Year CD Rates\nBest 4-year CD Rates\nBest 5-Year CD Rates\nBest High-Yield Savings Accounts\nBest Money Market Accounts\n\nNote that the \"top rates\" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national average, which includes all banks offering a CD with that term, including many large banks that pay a pittance in interest. Thus, the national averages are always quite low, while the top rates you can unearth by shopping around are often 5, 10, or even 15 times higher.\n  How We Find the Best Savings and CD Rates  \n Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account's minimum initial deposit must not exceed $25,000. It also cannot specify a maximum deposit amount that's below $5,000.\n\n\n Banks must be available in at least 40 states to qualify as nationally available. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491456524"}