{"id":49238,"date":"2023-05-08T14:46:04","date_gmt":"2023-05-08T18:46:04","guid":{"rendered":"https:\/\/wallethacks.com\/?p=49238"},"modified":"2024-02-27T14:02:48","modified_gmt":"2024-02-27T19:02:48","slug":"best-5-year-cd-rates","status":"publish","type":"post","link":"https:\/\/wallethacks.com\/best-5-year-cd-rates\/","title":{"rendered":"Best 5-Year CD Rates – 4.50% APY (April 2024)"},"content":{"rendered":"\n

This post will cover the best 5-year CD rates that we know about but I want to add a caveat – I don’t think a 5 year CD at these rates makes a whole lot of sense.<\/p>\n\n\n\n

We are currently in a rising interest rate environment. <\/p>\n\n\n\n

The Federal Reserve has been increasing interest rates<\/a> for the last year and, as of this writing, are still expected to increase rates in the near future. This means you will be locking in a 60-month CD at a time when rates are going up – which is generally<\/em> not a great idea.<\/p>\n\n\n\n

But sometimes we want certainty and not necessarily to maximize rates.<\/strong> And locking in a rate today that you know will last for five years is better than waiting a few months.<\/p>\n\n\n\n

So, if that’s your situation, you want the certainty of a rate for 5 years and are less concerned about whether you’re getting the absolute highest possible interest rate – we hope this will help solve that problem for you.<\/p>\n\n\n\n