Top CD Rates Remain High While Markets Await Fed's Next Move
-
Top CD rates remain high, with 13 CDs paying 5.75% APY or more and 2 paying 6.00% APY for 9-17 month terms.
-
Nationwide top rates range from 5.66% APY (3 months) to 5.00% APY (5 years). Credit unions offer the highest rates.
-
Jumbo CD rates currently aren't always higher than standard CDs. Shop both.
-
The Fed held rates steady after its September meeting but may still hike again this year.
-
CD rates will likely peak once the Fed's rate hikes end. Markets are guessing if this pause is temporary or permanent.
-
Investopedia tracks over 200 banks and credit unions daily to find the top CD rates nationally.
:max_bytes(150000):strip_icc()/1004-46cf47819d7a45c4bc41cb3731772f1d.png)