The Federal Reserve publishes a chart of historical interest rates for 3-month CDs. It currently shows monthly rates from June 1964 through December 2023. Read next ...

according to the St. Louis Fed’s 3-month historical CD rates chart. While rates were high in the 1980s, they steadily fell thereafter, reaching close to zero in the years after the 2008 recession.

In turn, banks raise the interest rates paid to customers who open CD accounts. Before learning about historical rates, explore today’s best CD rates from top banks to see how much you could earn.

Jack Caporal is the Research Director for The Motley Fool and has worked full-time for the company since 2021. His research focuses on uncovering and analyzing trends that shape personal financial ...

Skip ahead to historical CD rate charts In the early 1980s, CD rates reached highs unimaginable now: double digits. Fast-forward to 2019 and the competitive five-year CD rates were just above 3% ...

CD rates over time have ebbed and flowed with the national economy. To get a sense of our current moment, it’s worth taking a look at historical CD rates, in addition to reading the Fed tea ...

Understanding the history of deposit accounts over many years can help you obtain the best CD rates, given current economic conditions. It’s also important to know how CDs function and where to ...

Overall, the decade saw historical lows in CD rates. In 2020, rates remained low. As recently as 2021, large national banks were still paying rates below 0.30% on CDs, while many online banks were ...

Here’s a look at the historical ups and downs of CD rates and some background on rate fluctuations through the decades. The U.S. faced two recessions in the early 1980s. That’s when CD yields ...

But before committing your money, you may want to consider how historical CD rates have changed over time, so you can make informed personal finance decisions and take advantage of higher rates.