Top CD Rates Hold Steady Around 6% APY As Fed Weighs Further Rate Hikes
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The nation's top CD rate of 6.50% APY remains available, along with the runner-up 6.00% APY rate. There are now 15 CDs paying at least 5.75% APY.
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A new 18-month CD is paying 5.80% APY, making it the longest term CD at 5.75%+ APY.
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Top 2-year and 3-year CD rates are currently 5.60% APY and 5.32% APY respectively. Jumbo CD rates are slightly higher.
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Regional CDs in 5 states pay up to 6.25% APY. Nationwide rates are lower on average.
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The Fed may raise rates again in Dec/Jan, but odds of a hike are only around 30% currently. More hikes could push CD rates higher.
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