Jump on High APYs Before They're Gone. Today's CD Rates, Jan. 15, 2025
But APYs have been falling since the Federal Reserve cut interest rates at its last three meetings. slide in your information below to get CNET’s partners' best rate for your area. APYs have been falling for months following a series ofFederal Reserve rate cuts. The Fed doesn’t directly set CD rates, but banks tend to move in lockstep with its decisions. When the Fed cut rates, banks cut APYs on products like CDs andsavings accountsand vice versa....