2023 has seen an uptick in CD rates, with May 2023 being the highest month for rates since 2007. While rates were high in the 1980s, they have gradually fallen since then, staying close to zero since the 2008 recession. Here’s a brief overlook of how CD rates have fluctuated over the years, according to the St Louis Fed’s 3-month historical CD rates chart. Read: How To Guard Your Wealth From a Potential Banking Crisis With Gold Decade-by-Decade Analysis of CD Rates ![]() Here’s a look at historical CD rates from 1965 to 2023 to see how they’ve changed and whether now is a good time to invest in a CD. For years, CDs have been a go-to for individuals seeking low-risk investment options. ![]() Andrii Dodonov / Getty Images/iStockphotoĬertificates of deposit offer a way to grow your money with fixed terms and set interest rates.
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