What are today's CD interest rates?
What are today's CD interest rates?
When you open a CD, you’ll lock in today’s rates for the entire term. Here’s how much you can earn.
Read the full article on CBS Top Stories
Truth Analysis
Analysis Summary:
The article is generally accurate in its basic premise that CD rates can be locked in. However, it lacks specific rate information and relies on a general statement. The article exhibits a slight bias towards encouraging readers to open CDs without providing a comprehensive overview of potential drawbacks or alternative investment options.
Detailed Analysis:
- Claim: "When you open a CD, you'll lock in today's rates for the entire term."
- Verification Source #2: Supports this claim, as CD rates are fixed for the term.
- Verification Source #3: Supports this claim, as the rate is determined at the time of opening the CD.
- Claim: "Here's how much you can earn." (Implies the article will provide specific rate information).
- Verification Source #1: Provides specific CD rates for Wells Fargo.
- Verification Source #2: Provides the best CD rate as 4.65% APY.
- Verification Source #4: Provides specific CD rates for U.S. Bank.
- Verification Source #5: Provides specific CD rates for Edward Jones.
- The CBS article does not provide specific rates, but the verification sources do. This is a lack of specific information rather than a contradiction.
Supporting Evidence/Contradictions:
- Verification Source #1, #2, #4, and #5: Provide specific CD rates, supporting the general idea that rates are available and vary depending on the institution and term.
- Verification Source #2: States "Right now, the best CD rate is 4.65% APY." This provides a concrete example of a potential earning.
- The CBS article does not contradict any of the verification sources, but it lacks the specific rate information that the verification sources provide.