Discover the highest APYs on certificates of deposit this month

  • CDs are offering rates of return well above the national average
  • Experts are predicting two or three interest rate cuts from the Federal Reserve
  • Savings rates will remain high until rate cuts occur
  • Investors should consider their goals, risk tolerance, and time horizon when choosing a CD
  • There are still plenty of high-earning CD options available
  • Here are the 10 best CD rates for May 2024
  • Here are the 5 most accessible CD rates for May 2024

The ability to generate CD returns today is significantly higher than just a few years ago, with rates well above the national average. While experts predict two or three interest rate cuts from the Federal Reserve, savings rates will remain high until then. When choosing a CD, investors should consider their goals, risk tolerance, and time horizon. Despite restrictions, there are still plenty of high-earning CD options available. Here are the 10 best CD rates for May 2024, as well as the 5 most accessible options.

Factuality Level: 3
Factuality Justification: The article provides a mix of relevant information about CD rates and the potential impact of Fed rate cuts. However, it includes a lot of unnecessary details, repetitive information, and specific CD rates that may not be widely accessible to most readers. The article also includes a lot of opinion from a single financial planner, which may not represent a balanced view of the topic.
Noise Level: 3
Noise Justification: The article provides detailed information about CD rates, the impact of potential Fed rate cuts, and factors to consider when choosing a CD. It includes a list of the best CD rates for May 2024, along with eligibility requirements and potential catches. The article stays on topic and supports its claims with specific examples and data. However, it could benefit from a more critical analysis of the broader economic implications of high CD rates and potential risks associated with chasing high returns.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the potential impact of interest rate cuts by the Federal Reserve on savings rates, CDs, and borrowing costs.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article primarily focuses on the potential impact of interest rate cuts by the Federal Reserve on savings rates and CDs. It does not mention any extreme events or their impact.
Public Companies: Flagstar Bank (null), Republic Bank (null)
Private Companies: California Coast Credit Union,Financial Partners Credit Union,Merchants Bank of Indiana,Newtek Bank,State Employees Credit Union,Vast Bank,My Banking Direct,My eBanc,First Guaranty Bank,Rising Bank,Citizens-Farmers Bank,CFG Bank,First Internet Bank of Indiana
Key People: Peter B. Salkins (Certified Financial Planner at Integrated Financial Partners)

Reported publicly: www.marketwatch.com