1 of 1
Story summary
- Long-term certificates of deposit let savers lock today’s rates for up to 10 years.
- Online banks typically offer higher CD rates due to lower overhead costs.
- Currently, short-term CDs yield better rates than long-term options, which is an inverted yield curve.
- High-yield savings accounts from online banks offer rates significantly above the national average of 0.39%.
- Savers should compare accounts to maximize rates and minimize fees.
