Top 1-Year CD Rates Exceed 4.40% After Fed Hike, Old National Says
Bitget2026/11/06 00:22- Old National's November 5, 2026, analysis highlights higher certificate of deposit yields amid uncertainty over the Federal Reserve's next move.
- The Fed's September rate hike lifted its benchmark range to 3.75%-4%, pushing top 1-year CD offers above 4.4%.
- As of early October, the highest tracked 1-year CD rate reached 4.45% APY, versus the FDIC national average of 1.73%.
- Fixed rates suit savings earmarked for known near-term expenses; early withdrawal penalties can exceed earned interest, reducing principal.
- CD ladders provide staggered access to funds, while no-penalty CDs offer withdrawal flexibility at typically lower yields.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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