Episode Details

CD rates are surging again—some offering 4.10% APY on 14-month CDs—making them a smarter bet than savings accounts. After hitting rock bottom during pandemic-era rate cuts, yields climbed sharply as inflation spiked, and now, with the Fed starting to lower rates, returns are cooling—but still way above historical norms. Surprisingly, 12-month CDs often pay more than shorter or longer terms, hinting at future rate drops. Before locking in, match the term to your needs, compare online banks (they often win on rates), and always check FDIC insurance and withdrawal penalties. CDs may be cooling, but they’re still a solid, predictable way to earn more on your savings.

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