There's still time to secure an attractive return on a certificate of deposit, but don’t delay. In the aftermath of the Federal Reserve's three interest rate reductions in 2024, CD rates fell quickly. They've since leveled off in 2025 as the Fed has temporarily suspended further rate changes.
The most lucrative CD rates currently available offer up to 4.50% APY. By funding a certificate now, you could potentially lock in these high rates for years to come. With markets anticipating additional Fed rate cuts this year, any delays may result in missing out.
