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 ...

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And, despite cutting rates in 2019, that year ended with the highest short-term CD yield since 2008. The highest annual average for a six-month CD in recent history was 18.94% in December 1980 ...

The graph below uses historical FDIC data to display national average rates on CDs from 2009 to 2023 and highlights how CD rates responded to changes in central bank policies, inflation rates and ...

Historical CD rates: A journey through time CD rates ... According to data from the St. Louis Federal Reserve, the average rate for a 3-month CD from 2013 to 2023 was 1.44% and the median was ...

Historical CD rates have risen and fallen in line with ... forcing the Fed to raise rates dramatically. In Oct. 2023, average rates on the 3-month CD hit 5.46%, their highest in roughly 16 years.

But looking back on CD history, we see periods where rates sat just above zero for years on end—while at other times, you could earn a remarkable double-digit interest rate on your savings.

But, a certificate of deposit (CD) can help. That's because ... There's a big difference between national average savings rates and the top interest rates available. In part, that's because ...

(See more details about historical CD rates to see more context.) High-yield CD rates today can be several times the national average of 1.34% APY for five-year terms and the national average of 1 ...

The accounts with an annual percentage yield (APY) several times the national average rate receive ... you may want to consider how historical CD rates have changed over time, so you can make ...

In June 2023, Bankrate updated its methodology that determines the national average CD rates. However, the data in this article’s graphs is based on historical data from Bankrate’s previous ...

The average annual percentage yield (APY ... 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 ...