Weokie Federal Credit Union Savings Rates, CD Rates and Reviews - 2024 (2024)

FAQs

What will CD rates look like in 2024? ›

Financial markets don't expect CD rates to go up in 2024. The Federal Open Market Committee (FOMC) is expected to issue a rate cut in the last half of 2024, which would likely lower CD interest rates.

As a member owned federal credit union, WEOKIE's Board of Directors is 100% member elected because we believe you should have a say in what happens to your money. Private banking institutions are run by a board of directors that only care about securing profits for their shareholders.

You can find 6% CD rates at a few financial institutions, but chances are those rates are only available on CDs with maturities of 12 months or less. Financial institutions offer high rates to compete for business, but they don't want to pay customers ultra-high rates over many years.

Here are the highest CD rates at top online banks and credit unions for term lengths from nine to 13 months: LendingClub: 5.10% APY for 10-month CD. NASA Federal Credit Union: 4.99% APY for 9-month certificate. Bread Savings: 4.90% APY for 1-year CD.

While there aren't any financial institutions paying 7% on a CD right now, there are other banks and credit unions that pay high CD rates. Compare today's top CD and savings rates.

There are no national or community banks offering 7% interest on a savings account right now. Landmark Credit Union, which serves residents in select counties in Wisconsin and Illinois, pays 7.50% APY on its Landmark Credit Union Premium Checking Account — however, there are some major caveats to consider.

Persons who live, worship, work (or regularly conduct business in), or attend school in the Oklahoma City area - consisting of Canadian, Cleveland, Grady, Lincoln, Logan, McClain, Oklahoma, or Pottawatomie Counties (as well as spouses of persons who died while within the field of membership of the credit union)

How many members does DFCU have? ›

DFCU Financial, born in 1950 as Ford Engineering Employees Federal Credit Union and started with a cigar box with $5 from each of the seven charter members, has since grown to a $6 billion organization with nearly 240,000 members. As we celebrate 70 years, look back with us at our history.

Founded in 1933, Navy Federal Credit Union is the largest national credit union in terms of both assets and membership. Based out of Vienna, Virginia, Navy Federal provides a wide range of financial products to a vast membership of active and former members of the armed forces and their families.

Yes, mortgage interest rates are expected to decrease gradually over the next couple of years. Experts predict the average 30-year rate will settle somewhere between 6.4% to 6.5% by the end of 2024, and then to 5.9% by late 2025.

Are CD Rates Expected To Rise or Fall? CD rates are expected to remain fairly tight through the end of 2024, with slight drops as we move into 2025. They aren't likely to rise much in the near future and are more likely to begin declining, although at a slow pace.

In addition, it's more likely the Fed will begin lowering rates in 2024, with no further increases—in which case money market rates will begin to decline from their record highs.

While we don't yet officially know when, and by how much, interest rates could drop in 2024, it's safe to say we've reached peak savings rates today and now is the time to lock one in with a CD.