Worried About a Recession? A CD Can Help Protect Your Money. Today's CD Rates, April 1, 2025

Key takeaways Today's top CDs earn up to 4.50% APY. Your rate is locked in when you open a CD, so your earnings will never drop. A CD is one way to preserve your cash reserves when a recession looms. Recession fears are rising. With prices still elevated and consumer confidence down, many Americans are wondering how to weather the looming financial storm. One thing experts recommend is bulking up your cash reserves. APYs, or annual percentage yields, on deposit accounts tend to fall in a recession, which means the money you've set aside earns less interest. You should have a healthy emergency fund in a savings account, but once that's built up, moving additional cash into a certificate of deposit can help you ride out rate drops. Your CD rate is fixed when you open the account, so even if APYs fall after that, your returns will stay the same. That makes them ideal for money you've earmarked for a future goal, like buying a home or funding an approaching retirement. "The main benef ... Read full article.