Understanding U.S. Bank CD Rates

States and are indicative of its well-being. From time to time the US Federal Reserve fixes a limit on the PLR or prime lending rate for banks in the United States to lend money to people for business or personal use. The PLR keeps changing as per the status of the US economy. As a result, the U.S. bank CD rates keep changing time and again.

The banks in the United States have to follow the guidelines of the US Federal Reserve as well as the PLR cap. They make profits by collecting higher APY or annualized per year interest rates on loans as compared to the US bank CD rates that they offer their customers. This comparison is made taking into account the same time period both