Is a certificate of deposit (CD) still a good investment?

Interest rates on certificates of deposit (CDs) have fallen, and there's a chance they could fall even further this year. Since September of 2024, when the Federal Reserve began its most recent flood of federal funds rate cuts, the interest rates on CDs have been dropping. Today, the average account now pays below 2%. If you're looking to earn the highest rate possible on your savings, the outlook may be discouraging. But it doesn't mean CDs are a bad bet. In fact, you can still find accounts that pay ov ...