With CD Rates Falling, High-Yield Savings Accounts Are the Big Winners
Over the past two years, during which the Fed implemented its most aggressive rate-hiking regimen of the last decade, demand for CDs surged to a new peak. Now, as rates have fallen, banks have moved quickly to follow the Fed’s lead in reducing CD rates to depositors at an 80%+ beta, and the impact has come quickly.
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April 29, 2025