CD Rates Likely Peaked, But Locking In Now Could Beat Future Offerings

• Long-term CD rates have likely peaked and are expected to decline through 2024, though they remain higher than pre-pandemic levels • Shorter-term CDs currently offer better rates than longer 5-year CDs in an unusual inverted trend • Locking in a long-term CD now could allow you to earn a rate higher than future offerings • Consider your financial situation and risk tolerance when deciding if a long-term CD is suitable • While stocks may offer better long-term returns, CDs provide guaranteed, insured payouts