CD Rates Surpass 4% Again | Business and Finance News

CD rates are hitting a 20-year high—with some offering 4.3% for 16 months—thanks to recent Fed moves and inflation-fighting efforts. While the national average hovers at just 1.65%, online banks and credit unions are leading the way with the best deals. Inflation concerns are driving more people to lock in safe, guaranteed returns without risking their savings like they might in the stock market. Just shop around, check minimums, and read the fine print—this could be your best chance to earn more on idle cash without taking on risk. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/04693fa15cb2f6f8