Forbes – Not everyone believes that worries about the recent bank collapses are putting upward pressure on CD rates. Sung Won Sohn, professor of finance and economics at Loyola Marymount University in Los Angeles, credits the high interest rate environment, but says it’s hard to know why any particular bank might offer a more generous CD rate. “There are more than 4,000 banks, and every single bank will do their own thing,” he says.
Source: Forbes
Are the Recent Bank Failures Affecting CD Rates?