![]() You can easily check today's CD interest rates here now. To get the most value out of these types of accounts, it helps to first understand what a good CD interest rate is. Many account holders may be looking for any edge they can get and, considering the average savings account interest rate hovers around 0.43%, they aren't getting the help they need by keeping their money untouched.įortunately, a certificate of deposit account can help protect and grow your money, assuming you secure a favorable interest rate. ![]() Because of the Fed activity, the benefits of high-yield savings and certificate of deposit (CD) accounts have increased exponentially.īoth account types come with unique benefits and advantages, many of which are especially appealing in today's economic climate. While recent interest rate hikes have hurt borrowers across the board, the news hasn't been all bad. CDs offer significantly higher interest rates than traditional savings accounts.
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