CD Rates Rise - Online Banks Offer Competitive Returns on CDs up to $15k

Interest rates on CDs are higher now due to inflation and the Fed raising rates.

Online banks often offer the most competitive CD rates.

A $15,000 CD could earn $750-$900 in interest in one year at current rates.

Smaller deposits like $5,000 can also generate interest, albeit smaller amounts.

CDs allow you to lock in an interest rate and are FDIC insured.