CD Rates Hold Steady as Fed Signals More Rate Hikes Ahead
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Top CD rates remain steady between 5.00-6.00% APY for various terms. Credit Union continues to offer 6.00% APY for 12-17 month CDs.
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A dozen CDs pay 5.75% APY or more. Another group of 17 CDs pay at least 5.65% APY. A regional 6.25% APY CD is available in 5 states.
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Top 2-year CD rate is 5.50% APY for 23-26 month terms. 5.32% APY for 30 months. 5.25% APY for 36-40 months.
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Jumbo CD rates don't always exceed standard CD rates. Shop both certificate types.
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Fed indicated more rate hikes are possible to combat inflation. CD rates expected to peak once hikes end.
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