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Top CD Rates Hold Steady Around 5.75% APY Ahead of Expected Fed Rate Hikes This Fall

  • The top CD rates remain around 5.75% APY, with the highest rates offered by online banks and credit unions.

  • The Fed is almost certain to hold rates steady at its September meeting, but another hike is possible in November or December.

  • Inflation ticked up in August, which could lead the Fed to raise rates again to combat high prices.

  • Jumbo CDs with deposits of $50k+ can earn up to 5.85% APY on a 6-month term.

  • The methodology tracks rates daily from over 200 federally insured banks and credit unions nationwide.

investopedia.com
Relevant topic timeline:
Top CDs Today: 30 Options Now Offer a Top-Tier Rate
The number of CD options paying 5.50% or more has increased to 30, double the number available at the beginning of August, with the highest rate being 5.85% APY on a jumbo certificate.
Top CDs Today: New Leading Rate on 18-Month CDs
Alabama Credit Union now offers the best 18-month CD rate of 5.66% APY, surpassing the previous top rate of 5.55% APY, as the overall leading rate for the best nationwide CDs reached 6.00% APY.
CD and Savings Account Rates Today
Banks and credit unions are competing for customer dollars in the current high-rate environment, offering high-yield savings accounts and CDs with attractive rates, such as CloudBank 24/7 High Yield Savings Account with an APY of 5.26% and Western Alliance Bank 1 Year CD with an APY of 5.51%.
Top CD Rates Climb Above 5.75% as More Banks Raise Yields
First Harvest Credit Union has taken the top spot for 18-month CDs, offering a rate of 5.75% APY for a 15-month term, while American 1 Credit Union continues to offer the leading nationwide rate of 6.00% APY for 12 months.
Top CD Rates Climb to 5.75% as Competition Heats Up Among Banks
USAlliance Financial is now offering a 6-month CD with a competitive rate of 5.75% APY, joining five other CDs with the same rate, but with different durations ranging from nine to 15 months.
Top CD Rates Rise Slightly as Fed Holds Steady, With More Hikes Expected Soon
The Federal Savings Bank now offers a 5.80% APY on a 1-year certificate, surpassing the previous industry-leading rate of 5.75% APY, while the top rate for 2-year CDs has decreased from 5.55% to 5.50% APY.
CD Rates Rise to Record Highs in Some Terms But Future Outlook Uncertain as Rate Hikes Slow
The FDIC's latest release of national averages shows that while CD rates have been on a meteoric rise for the past 18 months, the climb may be slowing, with some terms experiencing slight declines while others continue to rise.
CD Rates Climb Higher, Topping Out at 5.85% APY as Fed Holds Steady
Despite the Federal Reserve's decision to maintain interest rates, banks and credit unions are still increasing the rates offered on certificates of deposit (CDs), with the number of nationally available CDs offering rates of 5.65% or higher rising from 15 to 21 in just one week.
CD Rates Continue Climbing Higher as Fed Hints at More Rate Hikes This Year
Credit Human has increased the rate on its nationally available certificate to a record-breaking 6.00% APY for a term of 12 to 17 months, while the leading rate for a nationally available 3-year CD rose to 5.25% APY.
Top CD Rates Remain High While Markets Await Fed's Next Move
You can still earn a record 6.00% APY with a CD ranging from nine to 17 months, as well as have 10 additional opportunities to earn at least 5.75% APY, despite the quiet CD rate movement today.
Short-Term CDs Offer Good Rates for Savers Seeking Higher Yields
If you're looking for guaranteed returns on your savings, short-term certificates of deposit (CDs) with high annual percentage yields (APYs) are currently offering some of the highest rates available.
Top CD Rates Now Over 6% APY, But With Limited Deposit Amounts
Financial Partners Credit Union is offering a new CD with a top rate of 6.50% for an eight-month term, the highest rate among all tracked CDs, but with a $5,000 maximum deposit.